Tanalys

Crude Oil (NYMEX) (Mar 14) Intraday: caution.

Pivot: 96.4

Our preference: Long positions above 96.4 with targets @ 98.25 99.05 in extension.

Alternative scenario: Below 96.4 look for further downside with 95.3 94.8 as targets.

Comment: a support base at 96.4 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

100.7 **

99.05 **

98.25 **

96.71 Last

96.4 **

95.3 **

94.8 **

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version