Tanalys

Crude Oil (NYMEX) (Jan 14) Intraday: bullish bias above 96.25.

Pivot: 96.25

Our preference: Long positions above 96.25 with targets @ 98.6 99.4 in extension.

Alternative scenario: Below 96.25 look for further downside with 95.5 94.7 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:

100.1

99.4

98.6

97.78 Last

96.25

95.5

94.7

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