Tanalys

Crude Oil (NYMEX) (M4) Intraday: continuation of the rebound.

Pivot: 99.9

Our preference: Long positions above 99.9 with targets @ 102.2 102.95 in extension.

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

Comment: The RSI is bullish and calls for further upside.

Supports and resistances:

104.1

102.95

102.2

101.07 Last

99.9

99.35

98.75

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