As we see over the chart, Crude Oil seems facing resistance downtrend line around 52.50 zone
As long as market holding below this zone another drop wave toward 49.75 will be expected
Above 52.50 more advance toward 53.70 and maybe 55.00 zone may hit the market
| Support | Resistance | |
| Level 1 | 51.75 | 52.50 |
| Level 2 | 51.25 | 53.70 |
| Level 3 | 49.75 | 55.00 |