Crude Oil - Technical Analysis: Wednesday, 02/09/2015 04:53 GMT

Crude oil price last sharp rise that appeared recently stopped at the exponential moving average 50, which formed strong resistance barrier against the price rally, to bounce downwards and resume the main bearish trend inside the descending channel that appears on chart.

Stochastic is negative now and supports the continuation of the decline in the upcoming period, to head towards 40.00 followed by 35.00 barrier.