Tanalys

Crude Oil (Sep 13) intraday: bullish bias above 106.4

Pivot: 106.40

Our preference: LONG positions above 106.4 with 108.15 108.75 as next targets.

Alternative scenario: The downside penetration of 106.4 will call for 105.6 105.

Comment: the RSI is supported by a bullish trend line.

Trend: ST Consolidation; MT Bullish

Key levels Comment

109.1** Intraday resistance

108.75*** Intraday resistance

108.15** Intraday resistance

107.58 Last

106.4* Intraday pivot point

105.6* Intraday support

105** Intraday support

Copyright 1999 – 2013 TRADING CENTRAL

Exit mobile version