Tanalys

Crude Oil (NYMEX) (H5) Intraday: the upside prevails.

Pivot: 50.8

Our preference: Long positions above 50.8 with targets @ 54.3 55.55 in extension.

Alternative scenario: Below 50.8 look for further downside with 49.65 48.6 as targets.

Comment: The RSI is well directed.

Supports and resistances:

57

55.55

54.3

53.53 Last

50.8

49.65

48.6

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