Tanalys

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

Pivot: 106.85

Our preference: Short positions below 106.85 with targets @ 104.85 104.25 in extension.

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

Comment: As long as the resistance at 106.85 is not surpassed, the risk of the break below 104.85 remains high.

Supports and resistances:

108.1

107.5

106.85

105.5 Last

104.85

104.25

103.65

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