Tanalys

Crude Oil (NYMEX) (G5) Intraday: up turn.

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: The RSI is bullish and calls for further upside.

Supports and resistances:

57.6

56.6

55.6

54.58 Last

53.35

52.45

52

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