Tanalys

Crude Oil (Oct 13) intraday: up turn.

Pivot: 105.75

Our preference: LONG positions above 105.75 with 107.9 109 in sight.

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

Comment: the RSI is bullish and calls for further advance.

Trend: ST Consolidation; MT Bullish

Key levels Comment

109.4** Intraday resistance

109** Intraday resistance

107.9** Intraday resistance

107.47 Last

105.75*** Intraday pivot point

105** Intraday support

104.3** Intraday support

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