Tanalys

Crude Oil (NYMEX) (M4) Intraday: bullish bias above 99.9.

Pivot: 99.9

Our preference: Long positions above 99.9 with targets @ 101.15 102.2 in extension.

Alternative scenario: Below 99.9 look for further downside with 99.35 98.75 as targets.

Comment: A support base at 99.9 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

102.95

102.2

101.15

100.25 Last

99.9

99.35

98.75

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