Oil trades below the main resistance line appearing on the chart, while negative signals become clearer.
RSI14 trades at 50.00 levels and that is accompanied with bearish actions below SMA20 and SMA50. Hence, the bearishness is favored over intraday basis and a break below 44.50 will confirm the bearishness towards 43.70.
Support: 45.00 – 44.50 – 43.70
Resistance: 46.00 – 46.45 – 47.30
Direction: Bearish.