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Crude Oil






7/5/2015 9:09:53 PM

Crude Oil - Technical Analysis: Sunday, 06/07/2015 01:09 GMT



Crude oil price exited the sideways negatively to break this range’s support and return to decline, hinting a stop of the bullish correction that started after placing 42.03 low recently, which pushes the price under short term negative pressure.

The exponential moving averages 50 and 100 form negative pressure now that support the expected decline, which its next target is located at 52.40, while breaching 57.50 is required to stop this negative pressure.


Target
Risk


Support
Resistance


Trend Bearish

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