Technical view of the light sweet crude oil on Nymex

April crude oil futures for light sweet this week, rose above 100-day moving average, but have not been able to gain higher. As long as oil remained below the resistance, reducing the risks of recurrence in the direction of the line of support around $ 42.30 and 21-day moving average near $ 41.37 remain. Daily indicators deployed from the lower zone perekuplennosti, the 10-day Momentum close to give a signal to sell.

RES 4: $ 50.47/57 maximum of 6 January, the peak of the channel from 12 February
RES 3: $ 49.50 peak of the channel from 18 February
RES 2: $ 48.40/83 apex tapes Bollindzhera, maximum 9 March
RES 1: $ 47.67 100-day moving average

Current oil price: $ 44.37

SUP 1: $ 42.30 base channel from 12 February
SUP 2: $ 41.37 21-day moving average
SUP 3: $ 39.55 minimum of 3 March
SUP 4: $ 33.55 minimum on 12 February