Tanalys

Crude Oil (NYMEX) (Jan 14) Intraday: capped by a negative trend line.

Pivot: 97.35

Our preference: Short positions below 97.35 with targets @ 95.65 94.7 in extension.

Alternative scenario: Above 97.35 look for further upside with 98.15 98.8 as targets.

Comment: as long as 97.35 is resistance, likely decline to 95.65.

Supports and resistances:

98.8

98.15

97.35

96.72 Last

95.65

94.7

93.9

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