Tanalys

Crude Oil (NYMEX) (N4) Intraday: capped by a negative trend line.

Pivot: 103.35

Our preference: Short positions below 103.35 with targets @ 102.1 101.6 in extension.

Alternative scenario: Above 103.35 look for further upside with 103.95 104.35 as targets.

Comment: The RSI is mixed with a bearish bias.

Supports and resistances:

104.35

103.95

103.35

102.52 Last

102.1

101.6

101.28

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