Tanalys

Crude Oil (NYMEX) (Mar 14) MT: continuation of the rebound.

Pivot: 95.3

Our preference: Long positions above 95.3 with targets @ 104.3 108.8 in extension.

Alternative scenario: Below 95.3 look for further downside with 91.25 85.7 as targets.

Comment: the RSI is bullish and calls for further advance. The double bottom pattern calls for 108.80.

Supports and resistances:

112.25

108.8

104.3

102.78 Last

95.3

91.25

85.7

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