Tanalys

Crude Oil (NYMEX) (N4) Intraday: supported by a rising trend line.

Pivot: 102

Our preference: Long positions above 102 with targets @ 103.25 104.15 in extension.

Alternative scenario: Below 102 look for further downside with 101.55 100.85 as targets.

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

Supports and resistances:

104.75

104.15

103.25

103.09 Last

102

101.55

100.85

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