Tanalys

Crude Oil (NYMEX) (X4) Intraday: key resistance at 83.6.

Pivot: 83.6

Our preference: Short positions below 83.6 with targets @ 81.2 79.78 in extension.

Alternative scenario: Above 83.6 look for further upside with 86.3 87.98 as targets.

Comment: As long as 83.6 is resistance, likely decline to 81.2. a false breakout has been identified

Supports and resistances:

87.98 **

86.3 **

83.6 **

83.12 Last

81.2 **

79.78 **

79 **

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