Tanalys

Crude Oil (NYMEX) (U4) Intraday: continuation of the rebound.

Pivot: 101.5

Our preference: Long positions above 101.5 with targets @ 103.45 104.05 in extension.

Alternative scenario: Below 101.5 look for further downside with 101 100.6 as targets.

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

Supports and resistances:

104.9

104.05

103.45

102.84 Last

101.5

101

100.6

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