Tanalys

Crude Oil (NYMEX) (Q4) Intraday: bullish bias above 107.5.

Pivot: 107.5

Our preference: Short positions below 107.5 with targets @ 105.65 104.85 in extension.

Alternative scenario: Above 107.5 look for further upside with 108 108.85 as targets.

Comment: Technically the RSI is below its neutrality area at 50.

Supports and resistances:

108.85

108

107.5

106.42 Last

105.65

104.85

104.25

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