Tanalys

Crude Oil (NYMEX) (Z4) Intraday: bullish bias above 80.3.

Pivot: 80.3

Our preference: Long positions above 80.3 with targets @ 82.4 83.2 in extension.

Alternative scenario: Below 80.3 look for further downside with 79.5 79 as targets.

Comment: As long as 80.3 is resistance, likely decline to 82.4.

Supports and resistances:

83.7

83.2

82.4

81.5 Last

80.3

79.5

79

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