Crude Oil - Technical Analysis: Thursday, 05/10/2017 04:41 GMT

Crude oil price started bearish correction after touching 52.83 level, and broke 23.6% Fibonacci correction level at 50.28 to open the door for more bearish correction, to head to 48.70 in the coming period.

The bearish trend will be dominant on the intraday basis until the price manages to surpass 50.28 level and settles above it.