Crude Oil - Technical Analysis: Monday, 28/08/2017 04:24 GMT

Crude oil price still stable above 47.22 level, to keep the bullish trend valid until now, and the price needs to surpass 48.44 level to confirm the continuation of the bullish wave on the intraday and short term basis, as our next target is located at 50.42.

On the other hand, it is important to note that breaking 48.44 will push the price to extend the bearish correction and target 46.23 then 45.24 levels mainly.