Crude Oil - Technical Analysis: Tuesday, 03/03/2015 06:10 GMT

Breaching the minor descending channel’s resistance will open the way for more positive attempts, to keep the trading continued inside the short term ascending channel, and the target now is testing 52.00.

The sideways trading scenario still valid until now, noting that the exponential moving averages 50 and 100 form negative pressure that might hold the current positive attempts.