EIA draw fails to recapture post VID high, watch the CLose

[Qneo 0]

9.9M-barrel decline more bullish than forecast surveys and higher than API 5.3M-barrel decline. If we Bots can't take out high on pit and day CLoses will confirm bearish trend since 1/12 high of $53.93. Short term support $52a, intermediate $50a and long term $43.5a. Upside resistance just over $56a. 

[hemanthaa@mail.com + 64]

It is true the reported inventory draw from the EIA hasn't done the trick - yet; prices are falling.

[Qneo 0]

KSA Operation this am couldn't breach the post-VID high either. It's going down more. Point off HOS as I write this. They will sell the CLose today and punish bulls further. European CLose tomorrow is likely to breach 51.44 LOM.