Tanalys

Crude Oil (NYMEX) (Z4) Intraday: key resistance at 79.

Pivot: 79

Our preference: Short positions below 79 with targets @ 76.45 75.8 in extension.

Alternative scenario: Above 79 look for further upside with 79.8 81 as targets.

Comment: The RSI is bearish and calls for further decline.

Supports and resistances:

81

79.8

79

78 Last

76.45

75.8

75

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