Crude Oil - Technical Analysis: Monday, 31/08/2015 05:37 GMT

Crude oil price achieved some rise at the last day of last week, to approach from the exponential moving average 50, which continues to form negative pressure on the price besides the exponential moving average 100, to keep the main bearish track continuing until now.

Stochastic is negative now and supports the expected bearish trend, waiting for negative targets that reach towards 35.00.

Breaching the bearish channel’s resistance at 52.55 will stop the bearish wave and lead the price to change its track upwards.