Tanalys

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

Pivot: 86

Our preference: Short positions below 86 with targets @ 70.8 65 in extension.

Alternative scenario: Above 86 look for further upside with 91 96 as targets.

Comment: Technically the RSI is below its neutrality area at 50. A pattern of lower tops and bottoms is visible. This signals selling pressure.

Supports and resistances:

96

91

86

74.27 Last

70.8

65

58.3

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version