Tanalys

Crude Oil (NYMEX) (Dec 13) Intraday: the downside prevails.

Pivot: 95.35

Our preference: Short positions below 95.35 with targets @ 92.4 91.3 in extension.

Alternative scenario: Above 95.35 look for further upside with 96.05 97.05 as targets.

Comment: as long as 95.35 is resistance, likely decline to 92.4.

Supports and resistances:

97.05

96.05

95.35

93.16 Last

92.4

91.3

89.5

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