Crude Oil - Technical Analysis: Wednesday, 31/08/2017 03:44 GMT

Crude oil price managed to break 46.23 level and closed the daily candlestick below it, confirming the continuation of the correctional bearish trend that its next target located at 45.24, reminding you that breaking this level will push the price towards 44.02 as a next target.

Thus, we expect the continuation of the bearish trend domination in the coming period unless the price managed to surpass 47.22 level and settle above it.