Tanalys

Crude Oil (NYMEX) (Z4) Intraday: key resistance at 77.15.

Pivot: 77.15

Our preference: Short positions below 77.15 with targets @ 75.8 75 in extension.

Alternative scenario: Above 77.15 look for further upside with 78.1 79.15 as targets.

Comment: As long as 77.15 is resistance, likely decline to 75.8.

Supports and resistances:

79.15

78.1

77.15

76.49 Last

75.8

75

74.5

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