According to Mihir (@RhythmicAnalyst), crude oil experienced a significant technical breakdown from over two years of consolidation near the $70 level as of January 7th. The price hit the S2 support level last month and is currently retesting that zone, signaling continued volatility for traders. The next major support, S3, is identified at $47.15. These levels serve as critical points for trading decisions, with the potential for further downside if S2 fails to hold. Source: Mihir (@RhythmicAnalyst) on Twitter, May 2, 2025.