Crude Oil - Technical Analysis: Wednesday, 10/12/2014 10:24 GMT

The price stability below 61.8% Fibonacci level that was previously broken opens the way for a potential visit to the next correctional areas, 76.4% Fibonacci at 52.73.

The negative pressure coming from the exponential moving average 50 continues, and stochastic on the oversold areas threshold, giving a possibilities of some sideways fluctuation and attempts to retest the most important resistance at 64.60.

Holding below this level keeps the negative pressure valid