Tanalys

Crude Oil (NYMEX) (May 14) Intraday: consolidation in place.

Pivot: 99.45

Our preference: Short positions below 99.45 with targets @ 97.85 97.15 in extension.

Alternative scenario: Above 99.45 look for further upside with 100.3 101 as targets.

Comment: the upward potential is likely to be limited by the resistance at 99.45.

Supports and resistances:

101

100.3

99.45

98.3 Last

97.85

97.15

96.15

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