Crude Oil - Technical Analysis: Friday, 09/06/2017 07:39 GMT

Crude oil price continued to decline after 46.00 level formed strong ceiling against the price, to keep the bearish trend expected and dominant on the short term basis, waiting to reach 44.13 level that represents our next target.

Note that surpassing 46.00 and settling above it is considered as the first key to start the attempts to return to the bullish trend and recover the losses that the price suffered recently, to head towards testing areas that begin at 47.13 and extend to 48.06.