Tanalys

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

Pivot: 101.75

Our preference: Short positions below 101.75 with targets @ 100.1 99.2 in extension.

Alternative scenario: Above 101.75 look for further upside with 102.4 102.95 as targets.

Comment: As long as the resistance at 101.75 is not surpassed, the risk of the break below 100.1 remains high.

Supports and resistances:

102.95

102.4

101.75

100.84 Last

100.1

99.2

98.2

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