Tanalys

Crude Oil (NYMEX) (F5) Intraday: intraday support around 75.6.

Pivot: 75.6

Our preference: Long positions above 75.6 with targets @ 76.95 77.95 in extension.

Alternative scenario: Below 75.6 look for further downside with 75.1 74.8 as targets.

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

Supports and resistances:

78.7

77.95

76.95

76.2 Last

75.6

75.1

74.8

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