Crude oil price keeps its stability above 49.45 level, to keep the bullish trend scenario valid for the upcoming period, supported by the EMA50 that keeps carrying the price from below, reminding you that our next target is located at 52.80.
Holding above 49.45 and 48.37 levels is important to continue the suggested bullish wave, as breaking it will push the price to start intraday bearish correction that its main targets begin by testing 46.45.