Tanalys

Crude Oil (NYMEX) (Jun 14) MT: under pressure.

Pivot: 105.25

Our preference: Short positions below 105.25 with targets @ 95.3 91.25 in extension.

Alternative scenario: Above 105.25 look for further upside with 108.8 112.25 as targets.

Comment: As long as the resistance at 105.25 is not surpassed, the risk of the break below 95.3 remains high.

Supports and resistances:

112.25

108.8

105.25

99.47 Last

95.3

91.25

85.7

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