Crude Oil - Technical Analysis: Tuesday, 07/03/2017 08:45 GMT

Crude oil price continues to fluctuate around 53.20 level, and we still waiting a confirmed breach to this level, which will support the continuation of the bullish trend in general, which its first target located at 54.15, while surpassing this level represents strong positive factor that will push the price to the recently recorded top at 56.92.

The price stability above 52.44 represents important condition to continue the expected rise, noting that breaking this level will push trades for more bearish correction that its next target reach to 51.05.