Crude Oil - Technical Analysis: Monday, 14/08/2017 04:42 GMT

Crude oil price managed to rise and surpass 48.44 barrier again, to keep the price inside the ascending channel that appears on the chart below, indicating that the bullish trend will dominate the coming trades.

Thus, the bullish trend will be expected for the coming period, and the targets begin at 50.42 then 52.00, noting that breaking 48.44 then 47.80 levels will stop the expected rise and push the price to extend its bearish correction on the short term basis.