Crude Oil Continues to Gain Ground

US crude oil futures prices witnessed mixed trading, but the rise is predominant, touching the official leg mentioned in the previous report at $50.00 per barrel, recording its highest level at 50.23.

Technically, we are facing technical points to a further upside, relying on the clear positive signs on the RSI, which accompanied the positive motive of the 50-day moving average.

Consequently, we will maintain our positive outlook targeting 51.00 / 51.10 as a first target and gains may extend later towards 52.10. The break of the support floor at 49.00 will postpone the bullish changes, and we witness a direct retest of 48.00 before resuming the rally again.

S1: 48.00	R1: 51.10
S2: 46.10	R2: 52.10
S3: 45.05	R3: 54.05