Tanalys

Crude Oil (NYMEX) (Dec 13) Intraday: bullish bias above 93.7.

Pivot: 93.7

Our preference: Long positions above 93.7 with targets @ 95.25 96.05 in extension.

Alternative scenario: Below 93.7 look for further downside with 93.05 91.8 as targets.

Comment: a support base at 93.7 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

97.05

96.05

95.25

94.75 Last

93.7

93.05

91.8

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