*Oil Technical Overview* Crude oil has seen sharp losses after a strong upward rally, and now trades under pressure below the moving averages. The downtrend may persist unless a clear recovery sets in. Support and Resistance Levels • Support: 60.20 / 59.90 • Resistance: 60.80 / 61.30 Buy Scenario Buy above 60.80 if a recovery stabilizes and price breaks back above resistance. Sell Scenario Sell below 60.20, looking for further downside toward 59.90.