US oil may retest support at $88.66

US oil NYMEX:CL1! may retest a support at $88.66 per barrel, a break below which may trigger a fall to $87.41.The support is identified as the 114.6% projection level of a wave c from $94.76. Given that this wave failed to complete around its 100% level of $89.44, it may extend into the range of $8…