Tanalys

Crude Oil (NYMEX) (Jan 14) Intraday: bullish bias above 97.

Pivot: 97

Our preference: Long positions above 97 with targets @ 98.15 98.8 in extension.

Alternative scenario: Below 97 look for further downside with 96.2 95.65 as targets.

Comment: a support base at 97 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

100

98.8

98.15

97.71 Last

97

96.2

95.65

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