Tanalys

Crude Oil (NYMEX) (Q4) Intraday: continuation of the rebound.

Pivot: 100.9

Our preference: Long positions above 100.9 with targets @ 103 104.15 in extension.

Alternative scenario: Below 100.9 look for further downside with 100.25 99 as targets.

Comment: The immediate trend remains up and the momentum is strong.

Supports and resistances:

105.55

104.15

103

102.12 Last

100.90

100.25

99

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