End of day analysis for Crude Oil 25-05-2017

Crude oil price suffered sharp losses today and broke the bullish channel's support line to end trading at the critical support 48.37, which urges caution from the upcoming trading, as breaking this level and holding below it will confirm extending the bearish wave on the short term basis to target 44.10 areas mainly, while bouncing bullishly and breaching 50.80 level will bring the price back to its bullish track again.

Therefore, the daily candlestick close and tomorrow's opening is important to detect the price next destination.