Oil has been trading within the same trading range since yesterday and below SMA20. Market was trapped between 61.8% and 76.4% at 53.35 and 51.15, respectively.
RSI and ADX are attempting to move bullishly, but we will be neutral between the aforementioned levels.
Support: 51.15-50.00-49.10
Resistance: 52.30-23.35-54.00
Direction: Sideways