Tanalys

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

Pivot: 98.85

Our preference: Long positions above 98.85 with targets @ 100.85 101.4 in extension.

Alternative scenario: Below 98.85 look for further downside with 98.3 97 as targets.

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

Supports and resistances:

102.2

101.4

100.85

99.98 Last

98.85

98.3

97

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