Crude oil price bounced downwards strongly after the consolidation of the EMA50 against the price’s positive attempts, to break 113.70 level and suffer strong losses that surpassed our extended target at 109.15 to move near 107.00 barrier now, opening the way to continue the decline in the upcoming period, noting that the next station reaches 104.60, while holding below 109.15 represents initial condition to continue the suggested bearish bias.