Tanalys

Crude Oil (Oct 13) intraday: key ST resistance at 108

Pivot: 108.00

Our preference: SHORT positions below 108 with 107.2 106.4 as next targets.

Alternative scenario: The upside penetration of 108 will call for 108.9 109.75.

Comment: the upward potential is likely to be limited by the resistance at 108.

Trend: ST Bullish; MT Bullish

Key levels Comment

109.75** Intraday resistance

108.9** Intraday resistance

108*** Intraday pivot point

107.83 Last

107.2** Intraday support

106.4** Intraday support

105.6** Intraday support

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