Tanalys

Crude Oil (NYMEX) (J5) Intraday: bullish bias above 51.2.

Pivot: 51.2

Our preference: Long positions above 51.2 with targets @ 52.4 53.1 in extension.

Alternative scenario: Below 51.2 look for further downside with 49.6 48.7 as targets.

Comment: The RSI is mixed to bullish.

Supports and resistances:

54.2

53.1

52.4

51.94 Last

51.2

49.6

48.7

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