Tanalys

Crude Oil (NYMEX) (V4) Intraday: bullish bias above 92.5.

Pivot: 92.5

Our preference: Long positions above 92.5 with targets @ 94.5 95.4 in extension.

Alternative scenario: Below 92.5 look for further downside with 92 91.6 as targets.

Comment: A support base at 92.5 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

96.7

95.4

94.5

93.44 Last

92.5

92

91.6

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