Oil traded within a narrow range in Asian session, but we see a contradiction between signs over 4-hour interval.
RSI trades bearishly, while ADX shows decrease in direction signaling. In the interim, SMA20 moves from the underside.
Trading above 45.30 and below 46.90 makes risk versus reward ratio inappropriate.
Support: : 45.00 – 44.40 – 43.40
Resistance: : 46.00 – 46.90 – 47.50
Direction: Neutral