Tanalys

Crude Oil (NYMEX) (Z4) Intraday: key resistance at 81.4.

Pivot: 81.4

Our preference: Short positions below 81.4 with targets @ 79 78 in extension.

Alternative scenario: Above 81.4 look for further upside with 82.4 83.2 as targets.

Comment: As long as 81.4 is resistance, likely decline to 79.

Supports and resistances:

83.2

82.4

81.4

81.05 Last

79

78

77.2

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