Since the start of the year the commodity gain more than 16.0% however last week fell more than 6.0% and made a phase change at the end of August, shifting from a bullish to a warning phase. Last week the crude oil fell with a wide range and closed near the low of the week, in addition managed to close below the previous week low, which suggests a strong bearish momentum. The stochastic is showing a weak bullish momentum although is above the 50 mid line. Expecting an upward move to a weekly support at 47.78 on a bounce of the 50-week moving average at 41.97 (scenario 1) however a break below the key level at 39.60 may drag down the commodity price to a weekly support at 32.20 (scenario 2).