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Crude Oil






5/22/2017 3:07:35 AM

Crude Oil - Technical Analysis: Monday, 22/05/2017 07:07 GMT



Crude oil price continued to rise strongly to approach from 51.00$ barrier, and we believe that the door is open to continue the bullish trend on the short term basis, noting that surpassing the mentioned level will push the price to visit 54.00 level as a next target.

The bullish trend line carries the price to achieve more expected gains in the coming period, and we should note that breaking 48.80 will stop the current rise and put the price under the negative pressure again.


Target
Risk


Support
Resistance


Trend Bullish

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