Crude Oil - Technical Analysis: Monday, 17/08/2015 05:11 GMT

Crude oil price shows more decline to start pushing on this year’s low at 42.03, with more signals on continuing the bearish trend on the longer term basis, supported by the negative pressure offered by the exponential moving averages 50 and 100.

Stochastic shows bearish trend, but being aware that it is near the oversold areas, waiting to visit 40.05 followed by 38.80 areas on the near term basis.