Crude oil is facing selling pressure amid risk-off mood in the financial markets. So far, however the crude oil has managed to hold on to support of the trendline rising from Feb. 10 and Feb. 18 lows. The trendline support is currently located at $51.80 and the benchmark is changing hands at $52.05 per barrel. Acceptance under the trendline support would mean the corrective rally from recent lows near $49.40 has ended at the high of $54.45 and would shift risk in favor of a drop to $50.00. Have a good trading day.