Tanalys

Crude Oil (NYMEX) (F5) Intraday: the downside prevails.

Crude Oil (NYMEX) (F5) Intraday: the downside prevails.

Pivot: 71.8

Our preference: Short positions below 71.8 with targets @ 67.75 65 in extension.

Alternative scenario: Above 71.8 look for further upside with 73.3 75.45 as targets.

Comment: The immediate trend remains down and the momentum is strong.

Supports and resistances:

75.45

73.3

71.8

69.13 Last

67.75

65

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