Oil's support level prevented oil from achieving additional downside actions at 32.50 where prices slightly inclined.
However, we see how the uptrend is limited below 127.2% Fibonacci, which keeps the negativity intact and break below 32.50 will accelerate towards 30.00 followed by 161.8% at 29.60.
Support: 32.50 – 31.60 – 30.00
Resistance: 34.20 – 35.00 – 36.05
Direction: Bearish