Tanalys

Crude Oil (NYMEX) (N4) Intraday: bullish bias above 102.6.

Pivot: 102.6

Our preference: Long positions above 102.6 with targets @ 104.45 104.95 in extension.

Alternative scenario: Below 102.6 look for further downside with 101.6 100.95 as targets.

Comment: The immediate trend remains up and the momentum is strong.

Supports and resistances:

106.4

104.95

104.45

103.99 Last

102.6

101.6

100.95

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