TECHNICAL ANALYSIS BY NSFX 25.07.2015
Crude Oil went below the static support 50.62 and might test 47 and then then the double bottom at 44.16, its 2015 low. Below this area the commodity would trigger a selling wave with first relevant target 40. Above 50.62 Crude Oil might rise to test the supply line generated last June and then above this level there is a static resistance in area 56.6. The RSI (14) is oversold and the ATR (14) is off its July high.