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Crude Oil






8/24/2015 3:15:48 AM

Crude Oil - Technical Analysis: Monday, 24/08/2015 07:15 GMT



Crude oil price managed to confirm breaking this year’s low to begin heading for more decline and record new lows since 2009, moving within bearish track that appears on chart, waiting to move towards 35.00$ per barrel areas now.

The exponential moving averages 50 and 100 continue to support the expected bearish wave, and stochastic prepares to overlap negatively to support continuing the decline.


Target
Risk


Support
Resistance


Trend Bearish

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