Oil: Bearish candles have been formed yesterday following the failure to extend the bullishness and that keeps the bearishness valid below 50.89.
RSI is negative, but ADX didn’t affirm changing the direction. We see the current bearish move as a correction and a break below 48.90 is required to be bearish.
Support: :50.85 – 50.00 – 49.46
Resistance: : 51.70 – 52.65 – 53.25
Direction: Bearish correction