Tanalys

Crude Oil (NYMEX) (Dec 13) Intraday: continuation of the rebound.

Pivot: 93.05

Our preference: Long positions above 93.05 with targets @ 96.05 97.05 in extension.

Alternative scenario: Below 93.05 look for further downside with 91.8 90.65 as targets.

Comment: the immediate trend remains up but the momentum is weak.

Supports and resistances:

97.8

97.05

96.05

94.74 Last

93.05

91.8

90.65

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