Oil is touching SMA20 without achieving any stability above 36.05. ADX is moving bearishly and RSI trades below 50.00.
The bearishness is available today and a break below 35.00 will affirm the scenario towards 34.15-34.20. On the upside, a break above 37.75 will cause failure, but 36.60 is a good ceiling for intraday bears now.
Support: 35.00 – 34.15 – 33.60
Resistance: 36.05 – 36.60 – 37.35
Direction: Bearish