Crude Oil (WTI) (N6) intraday: key resistance at 89.60.

Pivot: 89.60

Our preference: short positions below 89.60 with targets at 85.85 & 83.45 in extension.

Alternative scenario: above 89.60 look for further upside with 91.50 & 92.50 as targets.

Comment: as long as 89.60 is resistance, expect a return to 85.85.

Supports and resistances:

92.50 **

91.50 **

89.60 ***

87.00 Last

85.85 ***

83.45 ***

82.25 **