Tanalys

Crude Oil (NYMEX) (M4) Intraday: bullish bias above 102.

Pivot: 102

Our preference: Long positions above 102 with targets @ 103.1 104 in extension.

Alternative scenario: Below 102 look for further downside with 101.27 100.85 as targets.

Comment: The RSI lacks downward momentum.

Supports and resistances:

104.3

104

103.1

102.75 Last

102

101.27

100.85

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