Tanalys

Crude Oil (NYMEX) (J5) Intraday: turning up.

Pivot: 47.8

Our preference: Long positions above 47.8 with targets @ 50.5 51.25 in extension.

Alternative scenario: Below 47.8 look for further downside with 46.25 45.5 as targets.

Comment: The RSI advocates for further advance.

Supports and resistances:

52.5

51.25

50.5

50.08 Last

47.8

46.25

45.5

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