Tanalys

Crude Oil (NYMEX) (Mar 14) Intraday: key resistance at 98.4.

Pivot: 98.4

Our preference: Short positions below 98.4 with targets @ 96.3 95.25 in extension.

Alternative scenario: Above 98.4 look for further upside with 99.4 100.6 as targets.

Comment: as long as 98.4 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

100.6 **

99.4 **

98.4 **

97.82 Last

96.3 **

95.25 **

93.7 **

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