Tanalys

Crude Oil (NYMEX) (Z4) Intraday: break of a ST rising trendline support.

Pivot: 78.8

Our preference: Short positions below 78.8 with targets @ 76.45 75.8 in extension.

Alternative scenario: Above 78.8 look for further upside with 79.8 81 as targets.

Comment: The immediate trend remains down and the momentum is strong.

Supports and resistances:

81

79.8

78.8

77.35 Last

76.45

75.8

75

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