Tanalys

Crude Oil (NYMEX) (Jan 14) Intraday: continuation of the rebound.

Pivot: 92.4

Our preference: Long positions above 92.4 with targets @ 94.05 94.65 in extension.

Alternative scenario: Below 92.4 look for further downside with 91.75 91.4 as targets.

Comment: the break above 92.4 is a positive signal that has opened a path to 94.05.

Supports and resistances:

95.5

94.65

94.05

93.15 Last

92.4

91.75

91.4

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