Tanalys

Crude Oil (NYMEX) (N4) Intraday: the upside prevails.

Pivot: 103.15

Our preference: Long positions above 103.15 with targets @ 104.75 105.55 in extension.

Alternative scenario: Below 103.15 look for further downside with 102.35 101.55 as targets.

Comment: The RSI has just landed on a support around 30% and is reversing up.

Supports and resistances:

105.9

105.55

104.75

104.03 Last

103.15

102.35

101.55

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