Taking under consideration the above we expect, after a daily close above the $50, a move until the area of 51-51.65.
The short-term trend according to the daily time frame is in an Uptrend technically indicated by following:
• Higher tops and higher bottoms
• The uptrend is confirmed by the cross of MA10 above MA20.
Prices are trading above the at 48 (support 1) and is challenging the at 50.
Therefore, we will recommend LONG POSITIONS for the no position holders on Crude Oil . Take profit at 51-51.65 level.
Alternatively, a move below the support trend-line at 48 exposes the price to move lower.