Update: Crude oil returns to achieve gains

Crude Oil price returns to trade with strong positivity surpassing 44.00 level now, to provide technical signals that support the chances of continuing the bullish bias on the intraday and short term basis, followed by stopping the negative scenario suggested in our recent reports.

It is important to monitor the daily candlestick close according to 44.00 level to confirm the next destination clearly, as holding above it will confirm continuing the rise towards 48.40 areas as a next main station.