Tanalys

Crude Oil (NYMEX) (Mar 14) Intraday: the upside prevails.

Pivot: 96.25

Our preference: Long positions above 96.25 with targets @ 97.8 99.05 in extension.

Alternative scenario: Below 96.25 look for further downside with 95.25 94.35 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

99.4 **

99.05 **

97.8 **

96.8 Last

96.25 **

95.25 **

94.35 **

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