Tanalys

Crude Oil (NYMEX) (Q4) Intraday: further upside.

Pivot: 105.8

Our preference: Long positions above 105.8 with targets @ 106.85 107.65 in extension.

Alternative scenario: Below 105.8 look for further downside with 105.1 104.25 as targets.

Comment: The RSI broke above a bearish trend line.

Supports and resistances:

108.3

107.65

106.85

106.47 Last

105.8

105.1

104.25

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