Tanalys

Crude Oil (NYMEX) (Mar 14) Intraday: bullish bias above 97.3.

Pivot: 97.3

Our preference: Long positions above 97.3 with targets @ 98.55 99.4 in extension.

Alternative scenario: Below 97.3 look for further downside with 96.3 95.25 as targets.

Comment: a support base at 97.3 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

100.7 **

99.4 **

98.55 **

97.41 Last

97.3 **

96.3 **

95.25 **

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