Crude Oil - Technical Analysis: Monday, 14/09/2015 05:03 GMT

Crude oil price moves within tight track recently, and the price falls under the negative pressure coming from the exponential moving averages 50 and 100, which supports the continuation of the bearish trend inside the main descending channel, waiting to resume the decline inside the minor descending channel that appears on the above chart.

Stochastic is negative and supports the bearish trend, while its continuation conditions are holding below 47.00 and 51.20.