Tanalys

Crude Oil (NYMEX) (G5) Intraday: bullish bias above 46.75.

Pivot: 46.75

Our preference: Long positions above 46.75 with targets @ 49.6 51.4 in extension.

Alternative scenario: Below 46.75 look for further downside with 45.05 44.2 as targets.

Comment: The RSI is bullish and calls for further upside.

Supports and resistances:

52.8

51.4

49.6

48.85 Last

46.75

45.05

44.2

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