Tanalys

Crude Oil (NYMEX) (U4) Intraday: limited upside.

Pivot: 96.6

Our preference: Long positions above 96.6 with targets @ 98.7 99.2 in extension.

Alternative scenario: Below 96.6 look for further downside with 95.85 95 as targets.

Comment: The RSI is bullish and calls for further advance. The price broke above the declining trend line.

Supports and resistances:

99.8

99.2

98.7

98.13 Last

96.6

95.85

95

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