Tanalys

Crude Oil (Oct 13) intraday: turning down.

Pivot: 107.90

Our preference: SHORT positions below 107.9 with 105.3 104.3 in sight.

Alternative scenario: The upside penetration of 107.9 will call for a rebound towards 109 110.

Comment: the RSI is bearish and calls for further downside.

Trend: ST Consolidation; MT Bullish

Key levels Comment

110* Intraday resistance

109** Intraday resistance

107.9** Intraday pivot point

106.52 Last

105.3** Intraday support

104.3** Intraday support

103.1** Intraday support

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