Tanalys

Crude Oil (NYMEX) (Z4) Intraday: key resistance at 78.1.

Pivot: 78.1

Our preference: Short positions below 78.1 with targets @ 76.42 75.8 in extension.

Alternative scenario: Above 78.1 look for further upside with 78.6 79.8 as targets.

Comment: As long as 78.1 is resistance, likely decline to 76.42.

Supports and resistances:

79.8

78.6

78.1

76.84 Last

76.42

75.8

75

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