Crude Oil - Technical Analysis: Thursday, 09/04/2015 06:30 GMT

Crude oil price touched the sideways range resistance near 54.20 and rebounds bearishly now, which keeps the price confined inside this range, and it is targeting a potential visit to this range’s support at 43.60 in the upcoming period.

Stochastic and MACD indicators are negative now and support the expected decline, and the exponential moving average 100 form negative pressure that supports the suggested bearish bias.