Tanalys

Crude Oil (NYMEX) (H5) Intraday: break of a ST rising trendline support.

Pivot: 52.15

Our preference: Short positions below 52.15 with targets @ 46.6 45 in extension.

Alternative scenario: Above 52.15 look for further upside with 54.3 55.5 as targets.

Comment: The immediate trend remains down and the momentum is strong.

Supports and resistances:

55.5

54.3

52.15

48.86 Last

46.6

45

43.6

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