Tanalys

Crude Oil (NYMEX) (May 14) Intraday: turning down.

Pivot: 102.2

Our preference: Short positions below 102.2 with targets @ 99 98.3 in extension.

Alternative scenario: Above 102.2 look for further upside with 103.25 104.45 as targets.

Comment: The RSI is bearish and calls for further decline.

Supports and resistances:

104.45

103.25

102.2

100.03 Last

99

98.3

97

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