Tanalys

Crude Oil (NYMEX) (Dec 13) Intraday: key resistance at 94.3.

Pivot: 94.3

Our preference: Short positions below 94.3 with targets @ 92.5 92 in extension.

Alternative scenario: Above 94.3 look for further upside with 95.35 96.05 as targets.

Comment: as long as 94.3 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

96.05

95.35

94.3

92.77 Last

92.5

92

91.4

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