OIl has rallied by more than 5%, however, in my opinion this is a trap of sorts. For more than a year or so now, oil has thrown its weight around on stocks.
And today despite a 5% rally in oil, stock are wobbly. Hence, I conclude this is a selling opportunity in Brent for a target of 39.50, 38.86 and with a Stop Loss @ 41.50
Even on the Brent oil hourly chart, I see a bearish price rsi divergence..