Oil is yet to be broken out from its major downtrend, Though Brent is retesting its weekly EMA200 with a slight price rejection No projection here on where the Brent will go. As news on OPEC is still going strong but no real demand of Brent yet !
If we see a price rejection, Brent might fall and retest Fib Retracement on 0.78 points
Watching this closely if Brent is able to sustain the Psychological 50usd support