Tanalys

Crude Oil (Sep 13) intraday: bullish bias above 102.7

Pivot: 102.70

Our preference: LONG positions above 102.7 with targets @ 105.85 106.85.

Alternative scenario: The downside penetration of 102.7 will call for a slide towards 102 100.8.

Comment: the RSI advocates for further advance.

Trend: ST Consolidation; MT Bullish

Key levels Comment

107.5** Intraday resistance

106.85** Intraday resistance

105.85*** Intraday pivot point

105.18 Last

102.7** Intraday support

102** Intraday support

100.8** Intraday support

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