Crude Oil - Technical Analysis: Wednesday, 19/04/2017 04:57 GMT

Crude oil price continues to provide negative trades calmly affected by the minor negative pattern, which might push the price to visit 51.64 before turning back to rise.

On the bigger image, the price still affected by the inverted head and shoulders' pattern, -the mentioned technical patterns explained on the chart below-, noting that the price needs to surpass 53.02 to confirm the continuation of the bullish trend and head towards 54.73, noting that breaking 51.64 will put the price under more negative pressure to head towards 50.26 direct.