Tanalys

Crude Oil (NYMEX) (U4) Intraday: caution.

Pivot: 98.1

Our preference: Short positions below 98.1 with targets @ 96.65 95.75 in extension.

Alternative scenario: Above 98.1 look for further upside with 98.8 99.8 as targets.

Comment: Intraday technical indicators are mixed and call for caution.

Supports and resistances:

99.8

98.8

98.1

98 Last

96.65

95.75

95.1

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