Tanalys

Crude Oil (NYMEX) (Z4) Intraday: turning down.

Pivot: 81.9

Our preference: Short positions below 81.9 with targets @ 80 79 in extension.

Alternative scenario: Above 81.9 look for further upside with 82.4 83.2 as targets.

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

Supports and resistances:

83.2

82.4

81.9

80.46 Last

80

79

78

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