Tanalys

Crude Oil (NYMEX) (Mar 14) Intraday: under pressure.

Pivot: 97.15

Our preference: Short positions below 97.15 with targets @ 95.1 93.75 in extension.

Alternative scenario: Above 97.15 look for further upside with 97.8 99.05 as targets.

Comment: the RSI has just broken below a rising trend line.

Supports and resistances:

99.05 **

97.8 **

97.15 **

95.6 Last

95.1 **

93.75 **

93.1 **

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version