Tanalys

Crude Oil (NYMEX) (Oct 13) Intraday: the downside prevails.

Pivot: 97.25

Our preference: Short positions below 97.25 with targets @ 96 95.5 in extension.

Alternative scenario: Above 97.25 look for further upside with 97.85 98.8 as targets.

Comment: as long as 97.25 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

98.8

97.85

97.25

96.83 Last

96

95.5

94.55

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