Tanalys

Crude Oil (NYMEX) (H5) Intraday: key resistance at 45.

Pivot: 45

Our preference: Short positions below 45 with targets @ 43.56 42.6 in extension.

Alternative scenario: Above 45 look for further upside with 45.7 46.6 as targets.

Comment: As long as 45 is resistance, likely decline to 43.56.

Supports and resistances:

46.6

45.7

45

44.57 Last

43.56

42.6

41.5

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