Tanalys

Crude Oil (NYMEX) (V4) Intraday: the downside prevails.

Pivot: 94.7

Our preference: Short positions below 94.7 with targets @ 92.5 91.3 in extension.

Alternative scenario: Above 94.7 look for further upside with 95.5 96 as targets.

Comment: The RSI has struck against a major resistance around 70% and is reversing down.

Supports and resistances:

96

95.5

94.7

93.87 Last

92.5

91.3

90

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