Brent crude oil 61.65 is above the previous low of 61.07, in a slight rebound process. However, the rebound strength is weak and remains suppressed below the short-term moving averages, indicating a weak recovery in a downtrend. 61.87 is a recent small platform resistance level and the first test that the rebound will face. If it cannot break through, the rebound will end and it will test the lows again.

When the price rebounds and is blocked near 61.87, take a light short position.

Target is 61.1, 60.6.