|Resistance and Support||Level||Explanation|
CrudeOIL, Daily: Crude oil price extended its losses following prior retracement from the resistance level of 45.30. With regards to both MA lines which continues to expand downwards, it suggests higher possibility for a breakout from the bottom level of the downward channel and may signal a change in trend direction thereafter.
Resistance level: 45.30, 48.30
Support level: 43.00, 41.00