Tanalys

Crude Oil (NYMEX) (U4) Intraday: under pressure.

Pivot: 103.45

Our preference: Short positions below 103.45 with targets @ 101.5 101 in extension.

Alternative scenario: Above 103.45 look for further upside with 104.05 104.9 as targets.

Comment: As long as 103.45 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

104.9

104.05

103.45

102.03 Last

101.5

101

100.6

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