A moderate bearish bias is applicable below 40.95. Technical score: 0 Testing the change in trend direction to bullish level. However, a bearish MACD crossover on the daily time frequency remains applicable. Downside price momentum halted, supporting a bullish trend direction. Limited downside target: 39.30. Only a confirmed price action (complete last candle should be above this level) above 40.95 will reverse the bearish trend direction. Upside target for a break above 40.95 will be 41.95. • Oil prices rose on Wednesday, extending gains from the previous session, as a hurricane disrupted US offshore oil and gas production and an industry report showed a big drop in US crude stockpiles.