Tanalys

Crude Oil (Oct 13) intraday: rebound.

Pivot: 105.75

Our preference: LONG positions above 105.75 with 106.7 107.35 as next targets.

Alternative scenario: The downside penetration of 105.75 will call for 105 104.3.

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

Trend: ST Consolidation; MT Bullish

Key levels Comment

107.9** Intraday resistance

107.35** Intraday resistance

106.7** Intraday resistance

106.35 Last

105.75*** Intraday pivot point

105** Intraday support

104.3** Intraday support

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