Tanalys

Crude Oil (NYMEX) (Q4) MT: bullish bias above 101.45.

Pivot: 101.45

Our preference: Long positions above 101.45 with targets @ 108.8 111.2 in extension.

Alternative scenario: Below 101.45 look for further downside with 98.7 95.3 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

Supports and resistances:

112.25

111.2

108.8

106.16 Last

101.45

98.7

95.3

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