Tanalys

Crude Oil (NYMEX) (Q4) Intraday: key resistance at 103.

Crude Oil (NYMEX) (Q4) Intraday: key resistance at 103.

Pivot: 103

Our preference: Short positions below 103 with targets @ 101.6 100.9 in extension.

Alternative scenario: Above 103 look for further upside with 103.65 104.2 as targets.

Comment: The upward potential is likely to be limited by the resistance at 103.

Supports and resistances:

104.2

103.65

103

102.75 Last

101.6

100.9

100

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