End of day analysis for Crude oil 07-12-2017

Crude oil price retests 56.75 level that was broken previously and keeps its stability below it until now, which keeps the negative effect of the double top pattern valid, waiting to rebound bearishly to resume the correctional bearish trend that its first target located at 55.23, supported by stochastic reach to the overbought areas, noting that breaching 56.75 will stop the current negative pressure and lead the price to return to the main bullish trend again.