As we advised few days ago and as we see over our previous chart
Oil managed to head for some drop correction to re-test support line at 47.00-20 zone
As long as market holding above this zone another advance toward 49.50-75 will be expected
Below 46.45 more drop toward 45.40-60 zone will be expected
| Support | Resistance | |
| Level 1 | 47.00-20 | 48.90 |
| Level 2 | 46.45 | 49.75 |
| Level 3 | 45.40-60 | 50.40 |