Tanalys

Crude Oil (NYMEX) (Dec 13) Intraday: bullish bias above 93.2.

Pivot: 93.2

Our preference: Long positions above 93.2 with targets @ 94.9 95.7 in extension.

Alternative scenario: Below 93.2 look for further downside with 91.4 90.4 as targets.

Comment: a support base at 93.2 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

96.3

95.7

94.9

93.61 Last

93.2

91.4

90.4

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