Oil shows bearish tendencies after failure to stabilize above 37.75, which acts as a resistance, while low liquidity conditions continue.
Meanwhile, we can’t prove the bearish scenario as far as 36.60 holds; noting that, 36.05 represent a strong support.
On the contrary, coming above 37.75 will bring additional upside actions.
Support: 36.60 – 36.05 – 35.50
Resistance: 37.35 – 37.75 – 38.00
Direction: Sideways