Crude Oil - Technical Analysis: Friday, 17/03/2017 06:15 GMT

After 49.66 level formed strong resistance against Crude oil price last rally, the price trades negatively again to head towards the support line that we are waiting to break at 47.95, which will push the price to decline towards the previously recorded low at 45.18.

Thus, we expect the continuation of the bearish trend domination on the coming trades, noting that surpassing 49.66 level and settling above it represents the first factor to push the price for attempts to return to the main bullish trend again.