Tanalys

Crude Oil (NYMEX) (H5) Intraday: rebound.

Pivot: 43.5

Our preference: Long positions above 43.5 with targets @ 45.7 46.6 in extension.

Alternative scenario: Below 43.5 look for further downside with 42.6 41.5 as targets.

Comment: The RSI is mixed with a bullish bias.

Supports and resistances:

47.8

46.6

45.7

45.11 Last

43.5

42.6

41.5

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