Crude Oil - Technical Analysis: Thursday, 24/08/2017 04:18 GMT

Crude oil price achieved good gains yesterday to start testing 48.44 level, 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 50.42.

Thus, the bullish trend will remain expected in the coming period unless pushing on 47.22 level to break it and settle below it, as breaking this level will push the price to extend the correctional bearish wave to reach 46.23 then 45.24.