Tanalys

Crude Oil (NYMEX) (U4) Intraday: rebound expected.

Pivot: 101.5

Our preference: Long positions above 101.5 with targets @ 102.9 103.6 in extension.

Alternative scenario: Below 101.5 look for further downside with 101 100.5 as targets.

Comment: The RSI has broken up its 30 level.

Supports and resistances:

104

103.6

102.9

102.06 Last

101.5

101

100.5

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