Technical analytics

Bulls failed to consolidate above 52.50 dollars per barrel.

Bulls failed to sustain a recovery. 

The US dollar turned bearish when the recent recovery stalled at 1.2600. 

The USD/JPY remains under pressure due to the ask sentiment around the dollar. 

The ask tone around the GBP pushed the major to the lower limit of the current range.

The softer tone in the US Dollar allowed the euro to reverse some losses. 

The EUR/USD pair remained neutral-to-bullish flirting with 1.1750.

The GBP/USD pair remained neutral-to-bearish staying in a tight range below 1.2900.

Fresh bids around 108.50 helped buyers to return some ground. 

Buyers tried to regain 0.7950 but failed.