Tanalys

Crude Oil (NYMEX) (May 14) Intraday: bullish bias above 100.15.

Pivot: 100.15

Our preference: Long positions above 100.15 with targets @ 102.2 103.25 in extension.

Alternative scenario: Below 100.15 look for further downside with 99.4 98.3 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:

104.45

103.25

102.2

101.37 Last

100.15

99.4

98.3

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