NEW YORK ( TheStreet) - Crude oil prices followed through lower on the back of its losses last week to break below the $87.25 level on Tuesday.This has put crude oil in a position to even weaken further towards the $86.00 level. A respite could be seen there. Further down, support lies at the $82.76 level, its Nov. 26, 2010 low. Alternatively, on pullbacks, the $87.25 level will be targeted where a reversal of roles is likely to occur and turn the commodity lower. Further out, resistance is seen at the $90.21 level, its Jan. 21, 2011 high, with a loss of there turning attention to its 2011 high at $91.31. A clearance of that level is required to resume its long-term uptrend now on hold and then open the door for more strength towards the 95.00 level and its big psychological level at 100.00. We may likely see a turn lower from that level on an initial test because of its psychological importance. All in all, further downside risk remains.