The Crude Oil Price showed an upward movement and moved up above the 40.70 major support level. As long as the price stays above 40.70 on a daily basis, we will face 43.88 as the main resistance level. On the downside, If the price drops below 40.70, the key support level can be found at 37.78.
Support : 40.70 - 37.78 - 34.34
Resistance : 43.88 - 47.63 - 51.08