Tanalys

Crude Oil (NYMEX) (N4) MT: the downside prevails.

Pivot: 105.25

Our preference: Short positions below 105.25 with targets @ 98.7 95.3 in extension.

Alternative scenario: Above 105.25 look for further upside with 108.8 112.25 as targets.

Comment: The RSI lacks upward momentum.

Supports and resistances:

112.25

108.8

105.25

103.52 Last

98.7

95.3

91.25

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