Tanalys

Crude Oil (WTI) (H6) Intraday: bullish bias above 29.95.

Pivot: 29.95

Our preference: long positions above 29.95 with targets @ 32.4 32.75 in extension.

Alternative scenario: below 29.95 look for further downside with 29.25 28.46 as targets.

Comment: a support base at 29.95 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

33.3

32.75

32.4

30.62 Last

29.95

29.25

28.46

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