Oil Trying to Make His Way Toward The Positive Side

The technical outlook remains unchanged, as there have been no significant changes to oil movements as part of attempts to maintain positive stability.

Looking at the 60-minute chart, we find the price is stable above 40.15 and the 50-day moving average is trying to hold the price.

We tend to be positive, as long as the breach of 41.20 is confirmed, which is a catalyst that enhances chances of a bullish move towards the target of 41.70 then 42.20.

The return of trading to stability below 40.00 / 40.15 will immediately negate the attempts to rise and put the price under negative pressure with negative targets around 39.50 and extending to 39.00 before attempts to rise again. Caution: The level of risk may be high

S1: 40.45	R1: 41.30
S2: 40.00	R2: 41.70
S3: 39.50	R3: 42.20