Tanalys

Crude Oil (NYMEX) (Q4) Intraday: bullish bias above 101.85.

Pivot: 101.85

Our preference: Long positions above 101.85 with targets @ 104.15 104.55 in extension.

Alternative scenario: Below 101.85 look for further downside with 101.15 100.25 as targets.

Comment: The immediate trend remains up and the momentum is strong.

Supports and resistances:

105.55

104.55

104.15

103.13 Last

101.85

101.15

100.25

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