Crude Oil - Technical Analysis: Monday, 04/09/2017 04:27 GMT

Crude oil price continued its rise to surpass 47.22 level and settles above it, indicating that the bullish trend will dominate the coming trades again, heading to confirm stopping the recent bearish correction, waiting to test 48.44 level initially.

Surpassing the mentioned level will push the price towards 50.42 as a next target, while the bullish trend will remain valid unless pushing on 47.22 level to break it and settle below it.