Tanalys

Crude Oil (NYMEX) (V4) Intraday: the bias remains bullish.

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: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

96.7

95.4

94.5

93.71 Last

92.5

92

91.6

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