Tanalys

Crude Oil (NYMEX) (N4) Intraday: bullish bias above 103.65.

Pivot: 103.65

Our preference: Long positions above 103.65 with targets @ 104.95 105.7 in extension.

Alternative scenario: Below 103.65 look for further downside with 103.05 102.3 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

Supports and resistances:

106.4

105.7

104.95

104.62 Last

103.65

103.05

102.3

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