Oil failed to maintain levels above 42.00 and started to move lower once again, hovering around the support of 41.60.
Stability below 41.60 would bring more bearishness, but we will be prudent awaiting to see a four-hour closing below this level to affirm negativity.
Support: 41.00 – 40.50 – 40.00
Resistance: 42.30 – 43.00 – 43.30
Direction: Down below 41.60.