Tanalys

Crude Oil (NYMEX) (Feb 14) Intraday: continuation of the rebound.

Pivot: 91.2

Our preference: Long positions above 91.2 with targets @ 93.2 94.2 in extension.

Alternative scenario: Below 91.2 look for further downside with 90.3 89.8 as targets.

Comment: a support base at 91.2 has formed and has allowed for a temporary stabilisation. The declining trend line is broken, changing the technical picture to bullish.

Supports and resistances:

95.1 **

94.2 **

93.2 **

92.55 Last

91.2 **

90.3 **

89.8 **

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