Tanalys

Crude Oil (NYMEX) (N4) Intraday: intraday support around 102.6.

Pivot: 102.6

Our preference: Long positions above 102.6 with targets @ 103.95 104.35 in extension.

Alternative scenario: Below 102.6 look for further downside with 102.1 101.6 as targets.

Comment: A support base at 102.6 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

104.75

104.35

103.95

103.05 Last

102.6

102.1

101.6

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