Crude Oil - Technical Analysis: Monday, 07/08/2017 04:25 GMT

Crude oil price returned to rise after testing the important support 48.44, which keeps the main bullish trend valid until now, waiting to continue rising to test the recent top at 50.42, noting that surpassing this level will push the price towards 52.00.

Thus, the bullish trend still dominant on the intraday and short term basis conditioned by the price stability above 48.44.