End of day analysis for Crude oil 14-11-2017

Crude oil price fell under strong negative pressure to break 56.40 level and complete double top pattern that pushed the price to test the key support 55.20, as the price kept its stability above this level and shows some bullish bias now.

Therefore, the overall positive scenario will remain active unless breaking 55.20 followed by 54.75 levels and holding below them, and the price needs ot breach 56.20 to confirm the continuation of the bullish trend towards 59.20 as a first main target.