Crude oil price declined sharply to break 39.34 and surpasses the first expected negative target of the break at 38.80 and approaches the second target at 38.10, as it exits the sideways range that dominated the recent trades to head towards achieving more expected decline in the upcoming period, noting that breaking the last level will extend the bearish wave to reach 37.00, while holding below 39.34 represents key condition to continue the expected decline.