Tanalys

Crude Oil (NYMEX) (N4) Intraday: bullish bias above 101.6.

Pivot: 101.6

Our preference: Long positions above 101.6 with targets @ 103.1 103.7 in extension.

Alternative scenario: Below 101.6 look for further downside with 100.95 99.7 as targets.

Comment: The RSI lacks downward momentum.

Supports and resistances:

104.35

103.7

103.1

102.53 Last

101.6

100.95

99.7

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