Crude oil price attempted to breach 48.37 level but it keeps its stability below it, which keeps the bearish trend scenario valid for the upcoming period, especially that stochastic begins to provide negative overlapping signal on the four hours' time frame, waiting to motivate the price to resume the bearish trend.
Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 48.37 level, reminding you that our next main target is located at 44.10.