Although oil attempted to incline, movements are trapped below 45.40 and 46.00 and that is a negative signal.
Moving averages cover the bearishness from the underside and that keeps the negativity valid.
RSI and ADX are negative, reinforcing the bearish pressures.
Support: 45.00 – 44.50 – 43.70
Resistance: 46.00 – 46.45 – 47.30
Direction: Bearish.