Crude oil's decline seen in Asian session was limited above 88.6% Fibonacci at 48.05, which could be positive signal.
We are still targeting 50.00, and a break above this psychological level will expose 50.89.
Only a break below 47.00 will give us a rational reason for concern.
upport: : 48.05 – 47.45 – 47.00
Resistance: : 48.85 – 49.20 – 50.00
Direction: Bullish