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FxWirePro-Crude oil Daily Outlook 
- AUD/JPY recovery capped below 5-DMA at 87 levels, bias bearish.
- Technical studies are heavily bearish, RSI and Stochs are sharply lower.
- Weekly charts also support downside in the pair. RSI biased lower and below 50-levels.
- We also evidence bearish weekly 5-SMA crossover on 20-SMA which adds to bearish bias.
- We see scope for test of 200-DMA at 86.01. Violation there could see further weakness.
- On the flipside, 20-DMA at 87.63 is strong resistance, break above invalidates bearish bias.
Support levels - 200-DMA (86.01), 85.45 (Aug 11 lows), 84.85 (61.8% Fib retrace of 81.48 to 90.30 rally)
Resistance levels - 87.03 (5-DMA), 87.63 (20-DMA), 87.95 (50-DMA)
Recommendation: Good to go short on rallies around 86.75/90, SL: 87.65, TP: 86/ 85.45/ 84.85.
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