Oil declines along with negative divergence on RSI14 and weakness in uptrend according to ADX reading.
Trading below 48.05 is required to affirm the bearishness and we prefer to see oil trading below 47.65 to extend the bearishness.
As far as 50.00 hold, we will be bearish.
Support: : 48.05 – 47.65 – 47.10
Resistance: : 48.90 – 49.45 – 50.10
Direction: Bearish attempt