Crude Oil - Technical Analysis: Wednesday, 01/04/2015 05:07 GMT

The price recent bearish rebound proves the strength of the sideways range that confines trading as appears on chart, and the price falls under the exponential moving averages 500 and 100 negative pressure, while stochastic is positive now, which leads the price to move within the sideways track.

This range’s lines represented by 43.60 support and 54.20 resistance, and breaching one of them will detect the next short term trend clearly.