Tanalys

Crude Oil (NYMEX) Intraday: turning down.

Pivot: 102.65

Our preference: Short positions below 102.65 with targets @ 100.85 100.35 in extension.

Alternative scenario: Above 102.65 look for further upside with 103.1 104 as targets.

Comment: As long as 102.65 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

104

103.1

102.65

101.45 Last

100.85

100.35

99.9

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