Tanalys

Crude Oil (Sep 13) intraday: rebound in sight.

Pivot: 105.45

Our preference: LONG positions above 105.45 with 107.6 108.9 in sight.

Alternative scenario: The downside penetration of 105.45 will call for 104.75 103.75.

Comment: the RSI broke above a bearish trend line.

Trend: ST Bullish; MT Bullish

Key levels Comment

110.25* Fib projection

108.9*** Intraday resistance

107.6* Intraday resistance

107.26 Last

105.45** Intraday pivot point

104.75** Intraday support

103.75** Intraday support

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