Crude Oil - Technical Analysis: Wednesday, 22/03/2017 06:59 GMT

Crude oil succeeded to achieve the required break to 48.55 level, confirming the continuation of the bearish trend that targets the recently recorded bottom at 45.78, which makes us wait for more decline in the coming period.

The negative pressure provided by the exponential moving average 100 supports the expected decline, reminding you that the price stability below 50.26 represents important condition to continue the bearish trend.