Tanalys

Crude Oil (NYMEX) (Z4) Intraday: under pressure.

Pivot: 84.45

Our preference: Short positions below 84.45 with targets @ 81.55 79.78 in extension.

Alternative scenario: Above 84.45 look for further upside with 86.3 87.98 as targets.

Comment: As long as 84.45 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

87.98 **

86.3 **

84.45 **

82.54 Last

81.55 **

79.78 **

78.5 **

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