Oil inclined towards SMA and above 113% Fibonacci at 36.05, which is a positive catalyst along with positivity on RSI and ADX.
However, prices move within bearish channel below SMA50 and we should witness a breakout above 37.75 to be bullish.
Only a break back below 36.05 will trigger bearish actions again.
Support: 36.05 – 35.00 – 34.15
Resistance: 36.60 – 37.35 – 37.75
Direction: Sideways