Tanalys

Crude Oil (NYMEX) (Mar 14) Intraday: key resistance at 95.05.

Pivot: 95.05

Our preference: Short positions below 95.05 with targets @ 94.3 93.65 in extension.

Alternative scenario: Above 95.05 look for further upside with 95.9 96.5 as targets.

Comment: as long as 95.05 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

96.5 **

95.9 **

95.05 **

94.88 Last

94.3 **

93.65 **

93.1 **

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