The strength of the bearishness increased on ADX and RSI during the Asian session for oil-May settlement- and now prices stabilize below SMA20 at 40.65.
Trading below this level will cause additional debasement, but a break below 40.00 is required to prove the bearishness.
We will be bearish today as far as 41.40 -61.8% Fibonacci-hold.
Support: 40.00 – 39.25 – 38.45
Resistance: 40.65 – 41.00 – 41.40
Direction: Bearish correction.