Crude Oil hovers around SMA20 near 43.40 - Fib. of 113% - as seen on the graph.
Trading above 42.45 is positive despite the weakness on RSI, and we need to see oil trading above 44.45 to be bullish based on trading above moving averages.
Support: 43.00 – 42.40 – 41.65
Resistance: 44.40 – 45.00 – 46.90
Direction: Bullish above 44.45