Interesting level on Crude...

TVC:UKOIL   CFDs on Brent Crude Oil
After a steep fall in price in today's session price has found support between the 50% - 61.8% Fibonacci levels.

With all the recent sideways action, it is harder to predict the moves in this market, but I would tend to go with the direction on the lower timeframes in these markets.

It looks like there will be a little bullish relief going into tomorrows session.