Tanalys

Crude Oil (NYMEX) (May 14) Intraday: bullish bias above 102.

Pivot: 102

Our preference: Long positions above 102 with targets @ 104.35 105.7 in extension.

Alternative scenario: Below 102 look for further downside with 100.75 99.8 as targets.

Comment: The RSI is supported by a bullish trend line.

Supports and resistances:

107.4

105.7

104.35

103.3 Last

102

100.75

99.8

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