Tanalys

Crude Oil (NYMEX) (U4) Intraday: capped by a negative trend line.

Pivot: 101.85

Our preference: Short positions below 101.85 with targets @ 100.4 99.95 in extension.

Alternative scenario: Above 101.85 look for further upside with 102.2 102.65 as targets.

Comment: As long as the resistance at 101.85 is not surpassed, the risk of the break below 100.4 remains high.

Supports and resistances:

102.65

102.2

101.85

101.06 Last

100.4

99.95

99.6

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