Tanalys

Crude Oil (NYMEX) (X4) Intraday: bounce.

Pivot: 88.2

Our preference: Long positions above 88.2 with targets @ 93 93.9 in extension.

Alternative scenario: Below 88.2 look for further downside with 87 85.5 as targets.

Comment: The RSI is bullish and calls for further advance.

Supports and resistances:

94.9 **

93.9 **

93 **

90.95 Last

88.2 **

87 **

85.5 **

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