Crude Oil - Technical Analysis: Thursday, 05/03/2015 06:35 GMT

The neckline of the inverted head and shoulders’ pattern was breached, to activate this positive pattern, which we are waiting to push the price to achieve targets that reach 54.65.

The exponential moving averages 50 and 100 offer positive support now, to continue trading inside the ascending channel, being aware that stochastic is negative and might force the price to show some temporary negative attempts.