Tanalys

Crude Oil (NYMEX) (H5) Intraday: further advance.

Pivot: 45.6

Our preference: Long positions above 45.6 with targets @ 48.4 49.3 in extension.

Alternative scenario: Below 45.6 look for further downside with 43.5 42.6 as targets.

Comment: The RSI calls for a new upleg.

Supports and resistances:

50.5

49.3

48.4

47.34 Last

45.6

43.5

42.6

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