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

Crude oil price traded with strong negativity this evening to approach the key support 56.70, and as long as the price is above this level, our bullish overview will remain active on the intraday and short term basis, supported by stochastic head towards the oversold areas, noting that the waited targets begin at 59.00 and extend to 60.00, while breaking 56.70 represents negative factor that will push the price to head towards 55.23 before any new attempt to rise.