Tanalys

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

Pivot: 98.75

Our preference: Long positions above 98.75 with targets @ 102.2 102.95 in extension.

Alternative scenario: Below 98.75 look for further downside with 97.45 96.65 as targets.

Comment: A support base at 98.75 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

104.1

102.95

102.2

100.67 Last

98.75

97.45

96.65

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