Tanalys

Crude Oil (NYMEX) (Q4) Intraday: bullish bias above 102.55.

Pivot: 102.55

Our preference: Long positions above 102.55 with targets @ 103.95 105.1 in extension.

Alternative scenario: Below 102.55 look for further downside with 101.9 101.3 as targets.

Comment: The RSI has just broken above a bearish trend line.

Supports and resistances:

105.55

105.1

103.95

103.38 Last

102.55

101.9

101.3

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