Tanalys

Crude Oil (NYMEX) (May 14) Intraday: supported by a rising trend line.

Pivot: 98.9

Our preference: Long positions above 98.9 with targets @ 100.3 101 in extension.

Alternative scenario: Below 98.9 look for further downside with 98.3 97.15 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:

102.2

101

100.3

99.9 Last

98.9

98.3

97.15

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