Crude Oil (WTI) (K6) Intraday: key resistance at 104.00.

Pivot: 104.00

Our preference: short positions below 104.00 with targets at 100.70 & 99.60 in extension.

Alternative scenario: above 104.00 look for further upside with 105.20 & 106.80 as targets.

Comment: as long as 104.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

106.80

105.20

104.00

102.95 Last

100.70

99.60

98.10