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(U2) Trend Needle Still Points South


(U2) Downtrend Intact


(U2) Bear Flag

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OIL: Oil markets remain on the back foot after WTI broke below short term
uptrend support yesterday to hit fresh ytd lows of $49.01. Recovery efforts
today have been weak with WTI last at $49.34 as the relief rally in stocks
- Brent is holding above its Nov 29 lows but uptrend support has given way
suggesting further losses are likely in line with WTI. Brent trades at $59.00

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