Tanalys

Crude Oil (NYMEX) (U4) Intraday: bullish bias above 94.9.

Pivot: 94.9

Our preference: Long positions above 94.9 with targets @ 96.25 96.85 in extension.

Alternative scenario: Below 94.9 look for further downside with 94.25 93.35 as targets.

Comment: The RSI lacks downward momentum.

Supports and resistances:

97.75

96.85

96.25

95.7 Last

94.9

94.25

93.35

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