Crude Oil - Technical Analysis: Wednesday, 26/04/2017 09:20 GMT

Crude oil price moves within sideways track and still below 50.00 level, as the negative pressure continues to dominate the intraday trades, to keep the bearish trend expected for the coming period, waiting to test 47.58 level as a first main target.

We remind you that the expected decline depends on the price stability below 50.00 level, which surpassing it represents positive factor that will lead the price to achieve gains, starting from 51.54 then 52.74.