Oil briefly touches just under $46 again in quick dip
The low for the day touches $45.82. There is some minor support to be had from the August 2017 lows from around $45.58 to $45.74 but at this stage, it would appear to be more of a speed bump as price is looking towards the June low @ $42.05 in the bigger picture.
There's just not much reprieve for oil prices now as we put aside the OPEC rhetoric and when it comes to oil, the technical chart plays a big part as well. Since the fall in October, there's only one thing that continues to ring true for trading oil: Don't go catching a falling knife.