Brent (ICE) (U5) Intraday: choppy.

Pivot: 69.40

Our preference: short positions below 69.40 with targets at 68.55 & 68.00 in extension.

Alternative scenario: above 69.40 look for further upside with 69.95 & 70.35 as targets.

Comment: as long as 69.40 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

70.35

69.95

69.40

69.03 Last

68.55

68.00

67.40