Tanalys

Crude Oil (NYMEX) (G5) Intraday: intraday support around 54.3.

Pivot: 54.3

Our preference: Long positions above 54.3 with targets @ 58.5 59.3 in extension.

Alternative scenario: Below 54.3 look for further downside with 52.5 50 as targets.

Comment: A support base at 54.3 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

60.5

59.3

58.5

56.64 Last

54.3

52.5

50

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