Tanalys

Crude Oil (WTI) (F6) Intraday: bullish bias above 40.08.

Pivot: 40.08

Our preference: Long positions above 40.08 with targets @ 41.8 42.24 in extension.

Alternative scenario: Below 40.08 look for further downside with 39.6 39.16 as targets.

Comment: A support base at 40.08 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

42.62

42.24

41.8

41.32 Last

40.08

39.6

39.16

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