Crude Oil: Strong negative divergence has been formed on RSI14 over H4 alongside approaching 50.00-50.25 psychological.
Although moving averages are positive and ADX reflects the strength of the bullishness, but we will be neutral to see how prices will behave around the psychological levels.
A break below 49.10 will activate the negative divergence.
Support: 49.75 – 48.75 – 48.00
Resistance: 50.25 – 50.75 – 53.05
Direction: Neutral, but bearish below 49.10