Crude Oil - Technical Analysis: Friday, 13/03/2015 07:27 GMT

Crude oil price stability below the previously broken support of the bullish channel reinforces the expectations to witness more decline, and signs of forming another negative pattern appears after breaking 47.80 level, to support the continuation of the negative trading and heading towards 42.00 mainly.

The negative pressure still coming from the exponential moving averages 50 and 100