Tanalys

Crude Oil (Oct 13) intraday: further upside.

Pivot: 104.10

Our preference: LONG positions above 104.1 with 106.25 106.95 in sight.

Alternative scenario: The downside penetration of 104.1 will call for 103.5 103.1.

Comment: the RSI is above its neutrality area at 50%.

Trend: ST Consolidation; MT Bullish

Key levels Comment

107.5** Intraday resistance

106.95** Intraday resistance

106.25** Intraday resistance

105.06 Last

104.1** Intraday pivot point

103.5** Intraday support

103.1** Intraday support

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