Crude remains in bearish territory

The first potential bearish flag I analyzed has played out though with a delay, and since price has managed to reach the first target to the lower diagonal support. With overall negative sentiment around the trader war and demand for Oil, I will be expecting the price to breach the support for a move lower towards 50.58 price level zone. The zone has proven to be a strong support level, so I'll be expecting some bounce from there before the price to continue lower.