Tanalys

Crude Oil (NYMEX) (Mar 14) MT: key resistance at 100.75.

Pivot: 100.75

Our preference: Short positions below 100.75 with targets @ 91.25 85.7 in extension.

Alternative scenario: Above 100.75 look for further upside with 104.3 112.25 as targets.

Comment: the upward potential is likely to be limited by the resistance at 100.75.

Supports and resistances:

112.25

104.3

100.75

100.65 Last

91.25

85.7

77.5

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