TECHNICAL ANALYSIS BY NSFX 19.07.2015
The commodity made a double bottom in area 50.56 and might rally to test 53.85. If it will rise above the short term supply line it might reach 59 and then the 2015 top in area 62.6. If the price distribution should continue below 50.56 Crude Oil might test 48 and then the 2015 low at 44.17. The RSI indicator is oversold and the ATR is near its 3 month high.