Start Overbought, Oil Bullish Limited

Bias looks still bullish on the 4-hour chart. But still needed a break consistently above 46.30 area to keep further bullish momentum towards 47.20 area, before targeting 48.40 area.

But investors should also be aware of the condition of stochastic and RSI are visible from overbought. Break back below 45.20 immediate support area could trigger scenario should bearish correction to retest the MA-200 at around 44.30 or even 43.60 area.