Crude Oil - Technical Analysis: Monday, 01/08/2017 03:55 GMT

Crude oil price achieved strong gains yesterday to settle above 50.00 barrier, supporting the expectations of more rise in the coming period, reminding you that our next target is located at 52.00.

The price stability above 49.64 is important to continue the expected bullish trend, noting that breaking it will push the price to test 48.18 initially before turning back to rise again.