Tanalys

Crude Oil (NYMEX) (May 14) Intraday: under pressure.

Pivot: 101.05

Our preference: Short positions below 101.05 with targets @ 99 98.3 in extension.

Alternative scenario: Above 101.05 look for further upside with 102.2 103.25 as targets.

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

Supports and resistances:

103.25

102.2

101.05

99.62 Last

99

98.3

97

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