Tanalys

Crude Oil (NYMEX) (V4) Intraday: bullish bias above 90.4.

Pivot: 90.4

Our preference: Long positions above 90.4 with targets @ 92.8 93.95 in extension.

Alternative scenario: Below 90.4 look for further downside with 89.3 88.7 as targets.

Comment: A support base at 90.4 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

95

93.95

92.8

91.66 Last

90.4

89.3

88.7

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