Tanalys

Crude Oil (NYMEX) (F5) Intraday: under pressure.

Pivot: 75.2

Our preference: Short positions below 75.2 with targets @ 73.2 72.4 in extension.

Alternative scenario: Above 75.2 look for further upside with 75.8 76.5 as targets.

Comment: As long as 75.2 is resistance, likely decline to 73.2.

Supports and resistances:

76.5

75.8

75.2

74.24 Last

73.2

72.4

71.3

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