End of day analysis for Crude oil 23-10-2017

Crude oil price continued its sideways and tight trading settling above the EMA50, while stochastic attempts to gain the positive momentum on the intraday time frames to support the expectations of continuing the main bullish trend.

In general, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 51.12 level and holding below it, noting that the expected targets begin at 52.84 and extend to reach 55.27.