Brent (ICE) (Z5) Intraday: key resistance at 62.90.

Pivot: 62.90

Our preference: short positions below 62.90 with targets at 61.45 & 61.05 in extension.

Alternative scenario: above 62.90 look for further upside with 63.60 & 63.95 as targets.

Comment: as long as 62.90 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

63.95

63.60

62.90

62.29 Last

61.45

61.05

60.65