Tanalys

Crude Oil (NYMEX) (U4) Intraday: supported by a rising trend line.

Pivot: 97.3

Our preference: Long positions above 97.3 with targets @ 98.25 98.65 in extension.

Alternative scenario: Below 97.3 look for further downside with 96.6 95.85 as targets.

Comment: The RSI is mixed with a bullish bias. The price broke above the declining trend line.

Supports and resistances:

99.2

98.65

98.25

97.85 Last

97.3

96.6

95.85

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