Tanalys

Crude Oil (NYMEX) (U4) Intraday: turning up.

Pivot: 97.1

Our preference: Long positions above 97.1 with targets @ 98.8 99.8 in extension.

Alternative scenario: Below 97.1 look for further downside with 95.75 95.1 as targets.

Comment: The RSI is bullish and calls for further upside. Prices broke above a bearish channel resistance.

Supports and resistances:

100.4

99.8

98.8

98.14 Last

97.1

95.75

95.1

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