Crude Oil - Technical Analysis: Wednesday, 29/03/2017 08:42 GMT

Crude oil is testing the important resistance 48.55 now, while RSI moves at the overbought areas, to support the strength of the mentioned resistance and the chances of bouncing to the downside to resume the bearish trend, which its next target located at 45.78.

Carefully note that surpassing 48.55-48.75 barriers will stop the current negative pressure and push the price to achieve gains that begin at 50.26 and extend to 51.64.