Tanalys

Crude Oil (NYMEX) (May 14) Intraday: bullish bias above 102.8.

Pivot: 102.8

Our preference: Long positions above 102.8 with targets @ 104.35 105.7 in extension.

Alternative scenario: Below 102.8 look for further downside with 102 100.75 as targets.

Comment: The RSI is bullish and calls for further advance.

Supports and resistances:

107.4

105.7

104.35

104 Last

102.8

102

100.75

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