Tanalys

Crude Oil (NYMEX) (N4) Intraday: bullish bias above 104.

Pivot: 104

Our preference: Long positions above 104 with targets @ 105.7 106.4 in extension.

Alternative scenario: Below 104 look for further downside with 103.05 102.3 as targets.

Comment: The RSI is bullish and calls for further upside.

Supports and resistances:

107.5

106.4

105.7

105.38 Last

104

103.05

102.3

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