Tanalys

Crude Oil (NYMEX) (G5) Intraday: key resistance at 59.3.

Pivot: 59.3

Our preference: Short positions below 59.3 with targets @ 53.94 52.5 in extension.

Alternative scenario: Above 59.3 look for further upside with 60.5 61.8 as targets.

Comment: As long as 59.3 is resistance, likely decline to 53.94.

Supports and resistances:

61.8

60.5

59.3

55.1 Last

53.94

52.5

50

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