Oil inclined sharply, trading above 50% Fibonacci at 53.35 along with positive signs on RSI14 and ADX, while SMA20 started to carry the movements from the underside.
The positive signs over four-hour intervals suggest potential bullish actions as far as 52.30 holds.
Support: 53.35-52.30-51.15
Resistance: 54.000-55.00-55.55
Direction: Up