Crude Oil - Technical Analysis: Wednesday, 30/08/2017 07:42 GMT

Crude oil price attempted to break 46.23 level but it could not settle below it, noting that the negative pressure continues on the intraday and short term basis, waiting to head towards our next target at 45.24.

Thus, the bearish trend will remain dominant on the short term basis unless the price rallied to surpass 47.22 level and settle above it.