Tanalys

Crude Oil (NYMEX) (Q4) Intraday: bullish bias above 106.1.

Pivot: 106.1

Our preference: Long positions above 106.1 with targets @ 107.5 108.1 in extension.

Alternative scenario: Below 106.1 look for further downside with 105.7 105.25 as targets.

Comment: The RSI is mixed to bullish.

Supports and resistances:

108.7

108.1

107.5

106.49 Last

106.1

105.7

105.25

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