Tanalys

Crude Oil (NYMEX) (F5) Intraday: bullish bias above 74.

Pivot: 74

Our preference: Long positions above 74 with targets @ 75.4 75.8 in extension.

Alternative scenario: Below 74 look for further downside with 73.2 72.4 as targets.

Comment: The RSI has just broken above a declining trend line.

Supports and resistances:

76.5

75.8

75.4

74.73 Last

74

73.2

72.4

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