Tanalys

Crude Oil (NYMEX) (May 14) Intraday: bullish bias above 99.4.

Pivot: 99.4

Our preference: Long positions above 99.4 with targets @ 102.2 103.25 in extension.

Alternative scenario: Below 99.4 look for further downside with 98.3 97.15 as targets.

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

Supports and resistances:

104.45

103.25

102.2

100.92 Last

99.4

98.3

97.15

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