End of day analysis for Crude oil 12-10-2017

Crude oil price traded with clear negativity today to approach from testing the key support 50.06, noticing that the price keeps its stability above this level, while stochastic prepares to provide positive overlapping signal on the four hours' time frame.

Therefore, we will keep our positive overview for the upcoming period conditioned by holding above 50.06 level, noting that confirming breaching 51.12 will ease the mission of heading towards our positive targets that start at 52.84 followed by 54.10.