Tanalys

Crude Oil (NYMEX) (Jan 14) Intraday: intraday support around 98.5.

Pivot: 98.5

Our preference: Long positions above 98.5 with targets @ 99.45 100.1 in extension.

Alternative scenario: Below 98.5 look for further downside with 97.85 97.25 as targets.

Comment: a support base at 98.5 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

100.9

100.1

99.45

98.69 Last

98.5

97.85

97.25

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