Crude Oil - Technical Analysis: Tuesday, 05/09/2017 08:06 GMT

Crude oil price consolidates above 47.20 level and begins to provide positive attempts now, to support the continuation of the bullish trend in the coming period, as our first target is located at 48.42, waiting to surpass this level to rally towards 50.40 on the near term basis.

On the other hand, we should note that breaking 47.20 will put the price under the correctional bearish pressure again.