End of day analysis for Crude oil 28-07-2017

Crude oil price achieved strong gains to succeed breaching the bullish channel's resistance that appears on chart and approaches from our first target at 50.00, to keep the bulish trend scenario valid efficiently on the intraday and short term basis, supported by the EMA50, reminding you that our next target is located at 52.50, while holding above 48.37 represents key condition to achieve the suggested targets.