Crude Oil - Technical Analysis: Thursday, 03/08/2017 10:11 GMT

Crude oil price managed to touch our first target at 49.64 and settles there, waiting to surpass this level to confirm the continuation of the bullish trend on the short term basis, as our next target is located at 52.00.

Thus, the bullish trend will remain expected conditioned by the price stability above 48.18.