Crude Oil - Technical Analysis: Thursday, 08/11/2018 05:42 GMT

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Crude oil price surpassed 63.60 level and heads towards the next correctional target at 59.50, waiting for more decline supported by the negative pressure of the exponential moving average 100.

Breaking 59.50 will push the price to 55.34 as a next target, while consolidating below 63.60 is important to continue the expected decline.