Crude Oil - Technical Analysis: Monday, 21/08/2017 04:36 GMT

Crude oil price rose sharply on last Friday to surpass 48.44 and settles above it, as the price returns to the ascending channel again, noting that the bullish trend returns to dominate the intraday and short term trades after the bearish correction that the price witnessed recently.

Thus, the bullish trend will be expected in the coming period unless breaking 48.30 and settling below it, noting that the next target is located at 50.42.