Crude Oil managed to advance above 49.35 as OPEC reached deal for cut production by 1.2 million/day.
Market now inside uptrend wave which may target 51.60-52.20 resistance zone
Market support at 48.80-49.20 where as long as market holding above more advance toward 50.50 and 51.60-52.20 zone is expected .
Below 48.80 market may head for farther drop toward 47.35 and maybe 45.50
| Support | Resistence | |
| Level 1 | 48.80-49.20 | 51.60-52.20 |
| Level 2 | 47.35 | 53.50 |
| Level 3 | 45.50 | 55.00 |
