Tanalys

Crude Oil (NYMEX) (F5) Intraday: bullish bias above 73.9.

Pivot: 73.9

Our preference: Long positions above 73.9 with targets @ 75.8 76.5 in extension.

Alternative scenario: Below 73.9 look for further downside with 73.2 72.4 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

77.1

76.5

75.8

74.29 Last

73.9

73.2

72.4

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