Big drop on oil

Light crude oil or WTI has broken today below its 55 day exponential moving average and below the 37.00 level. The uncertainty around oil continues and it is possible that the oil producing countries do not come to an agreement on freezing production. That is why oil for today comes near the 35.00 level. To the upside, the 37.00 could act as resistance and to the downside, the 35.00 could act as support.