Tanalys

Crude Oil (NYMEX) (Jan 14) Intraday: intraday support around 97.1.

Pivot: 97.1

Our preference: Long positions above 97.1 with targets @ 98.8 99.4 in extension.

Alternative scenario: Below 97.1 look for further downside with 95.65 94.7 as targets.

Comment: a support base at 97.1 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

100.1

99.4

98.8

97.36 Last

97.1

95.65

94.7

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