Brent oil - daily close below $48.99 would be bearish
Multiple failure near/at resistance of $49.75 (Mar 22 low) seen over the three days (including today) if followed by a close below $48.99 (23.6% Fib Retracement of $56.62-$46.63) would open doors for a re-test of the recent low of $46.63.
On the higher side, two consecutive daily close above $49.75 would signal bearish invalidation.
On the higher side, two consecutive daily close above $49.75 would signal bearish invalidation.
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