Tanalys

Crude Oil (NYMEX) (Q4) Intraday: caution.

Pivot: 106.85

Our preference: Short positions below 106.85 with targets @ 105.25 104.85 in extension.

Alternative scenario: Above 106.85 look for further upside with 107.5 108.1 as targets.

Comment: Intraday technical indicators are mixed and call for caution.

Supports and resistances:

108.1

107.5

106.85

106.71 Last

105.25

104.85

104.25

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