Brent’s move lower yesterday has confirmed a bearish price RSI divergence on the daily chart, thus indicating prices could move lower to support at $46.72 and $45.32.
Intraday bearish invalidation is seen only if prices move back above Asian session high of $48.73, in which case previous day’s high of $49.81 stands exposed.
On a larger scheme of things, a day end closing above $48.91 would signal continuation of rally from February low.