Tanalys

Crude Oil (NYMEX) (H5) Intraday: bullish bias above 46.35.

Pivot: 46.35

Our preference: Long positions above 46.35 with targets @ 48.25 49.2 in extension.

Alternative scenario: Below 46.35 look for further downside with 45.6 44.75 as targets.

Comment: The RSI is mixed.

Supports and resistances:

50.8

49.2

48.25

47.39 Last

46.35

45.6

44.75

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