Crude Oil - Technical Analysis: Tuesday, 08/08/2017 04:10 GMT

Crude oil price achieved intraday gains yesterday after testing 48.44 again, to keep the bullish trend valid unless breaking the mentioned support, waiting for more rise to test 50.42 level initially.

We should note that failing to surpass 49.50 level will put the price under negative pressure that we expect to turn the intraday trend to decline, to head towards testing 47.22 level before attempting to rise again.