Tanalys

Crude Oil (NYMEX) (G5) Intraday: further advance.

Pivot: 53.35

Our preference: Long positions above 53.35 with targets @ 55.6 56.6 in extension.

Alternative scenario: Below 53.35 look for further downside with 52.45 52 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

Supports and resistances:

57.6

56.6

55.6

53.91 Last

53.35

52.45

52

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