The main reason for this resilence comes from the resilience of USDollar .
However, I think the resilience of oil should finish.
In this article, I concentrate in .
The key resistance is at 41.50, I think oil price can't pierce this resistance in the near and medium term, so the bias to trade oil is still SELL
Look at on the chart, Oil price bounced from SMA100: A meaningfull resistance we should watch.
It also moves inside the Kumo cloud : potential for break the cloud.
pattern : Three crows pattern : This is a .
In my opinion, oil begins a new downtrend; this is a real trend which will drive oil back to 40.