Oil stabilizes around 113% Fibonacci at 36.05, which is negative and would extend the bearishness.
RSI and ADX are negative along with moving averages covering the movements from the topside.
We remain bearish today, targeting a re-test of the broken resistance line of the bearish channel. Moving below it will expose 34.20-34.15 again.
Support: 35.50 – 35.00 – 34.15
Resistance: 36.05 – 36.60 – 37.35
Direction: Bearish