Tanalys

Crude Oil (Sep 13) intraday: bullish bias above 103.55

Pivot: 103.55

Our preference: LONG positions above 103.55 with 106.2 107.75 in sight.

Alternative scenario: The downside penetration of 103.55 will call for 102.25 100.6.

Comment: the RSI calls for a rebound.

Trend: ST Consolidation; MT Bullish

Key levels Comment

108.75*** Intraday resistance

107.75** Intraday resistance

106.2** Intraday resistance

105.92 Last

103.55* Intraday pivot point

102.25** Intraday support

100.6** Intraday support

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