Brent (ICE) (N5) Intraday: under pressure.

Pivot: 60.55

Our preference: short positions below 60.55 with targets at 58.95 & 58.50 in extension.

Alternative scenario: above 60.55 look for further upside with 61.65 & 62.70 as targets.

Comment: as long as 60.55 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

62.70

61.65

60.55

60.18 Last

58.95

58.50

57.20