The Crude oil market had a fairly negative day on Monday, as market continue to worry about all things European Union and United Kingdom related. The primary trend of Crude oil is on charts. On its 4 hourly chart, market is trading below 100 days moving average. It is having important resistance at the level of $48.12 and at the level of $46.50. On its 4 hourly charts, is sustaining in its negative territory and is sustaining in its selling zone indicating the upcoming in the oil prices. On an intraday basis one can go for sell on higher level strategy.