Tanalys

Crude Oil (NYMEX) (Jan 14) Intraday: under pressure.

Pivot: 93.4

Our preference: Short positions below 93.4 with targets @ 91.4 90.85 in extension.

Alternative scenario: Above 93.4 look for further upside with 94.65 95.5 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:

95.5

94.65

93.4

92.12 Last

91.4

90.85

90.4

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