End of day analysis for Crude oil 20-07-2017

Crude oil price attempted to breach 47.30 level without managing to hold for long time above it, to settle around 47.00 level again, noticing that stochastic attempts to gain the positive momentum on the four hours' time frame, to support the expectations of continuing the bullish trend in the upcoming period, which its targets begin at 48.37 and extend to 50.00 followed by 52.50, while holding above 46.05 represents the first condition to achieve the suggested targets.