Oversold, MA-200 has the potential to block the oil Bearish

Negative movement of crude oil prices is still possible to continue on Tuesday amid concerns about the growth of China's largest oil consumer in the world to-2, and the flood of supply in the global market. Dollar index which is relatively stable also has the potential to bring additional pressure on commodities denominated in the US currency.

But investors should be wary of Chinese trade data, which may trigger a rebound in price if the details of the data showed the increase in imports of "black gold" in August.

Referring to the 4-hour chart, the bearish bias especially if price break once again under the MA-200 at around 44.45. Potentially promote the sustainability of the bearish movement testing 43.60 area, before targeting the MA-100 at around 42.75. On the reverse side, immediate resistance could be found at 45.30 area. With stochastic and RSI are oversold, penetration consistently above that area should be able to trigger a bullish correction scenario towards 46.30 area or even 47.20 area.