Crude Oil managed to rebound above 48.35 which may add more advance to test 49.50-75 zone as we advised last week
from 49.50-75 market may face the downtrend pressure again , while above 49.75 market may sustain advance toward 51.10-30 zone
below 47.40 more drop to retest 46.50-60 may hit the market, while below 46.50 more drop will be expected
| Support | Resistance | |
| Level 1 | 47.40 | 49.50-75 |
| Level 2 | 46.50 | 51.30 |
| Level 3 | 45.40-60 | 53.00 |
