Brent (ICE) (X5) Intraday: under pressure.

Pivot: 68.40

Our preference: short positions below 68.40 with targets at 67.40 & 67.00 in extension.

Alternative scenario: above 68.40 look for further upside with 68.70 & 69.00 as targets.

Comment: as long as 68.40 is resistance, expect a return to 67.40.

Supports and resistances:

69.00

68.70

68.40

67.83 Last

67.40

67.00

66.35