Tanalys

Crude Oil (NYMEX) (Q4) Intraday: bullish bias above 105.35.

Crude Oil (NYMEX) (Q4) Intraday: bullish bias above 105.35.

Pivot: 105.35

Our preference: Long positions above 105.35 with targets @ 106.85 107.65 in extension.

Alternative scenario: Below 105.35 look for further downside with 104.85 104.25 as targets.

Comment: A support base at 105.35 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

108.30

107.65

106.85

105.77 Last

105.35

104.85

104.25

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