Tanalys

Crude Oil (Sep 13) intraday: bullish bias above 106.45

Pivot: 106.45

Our preference: LONG positions above 106.45 with 108.8 110.7 as next targets.

Alternative scenario: The downside penetration of 106.45 will call for a slide towards 105 102.7.

Comment: intraday support around 106.45

Trend: ST Consolidation; MT Bullish

Key levels Comment

112.9* Fib projection

110.7** Fib projection

108.8** Previous high

106.81 Last

106.45** Intraday pivot point

105** Intraday support

102.7** Intraday support

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