Tanalys

Crude Oil (NYMEX) (Q4) Intraday: key resistance at 101.25.

Crude Oil (NYMEX) (Q4) Intraday: key resistance at 101.25.

Pivot: 101.25

Our preference: Short positions below 101.25 with targets @ 100.4 99 in extension.

Alternative scenario: Above 101.25 look for further upside with 102.35 103 as targets.

Comment: As long as the resistance at 101.25 is not surpassed, the risk of the break below 100.4 remains high.

Supports and resistances:

103

102.35

101.25

101.1 Last

100.4

99

98.2

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