Crude Oil Weekly Technical Outlook

Crude oil's sideway trading continued last and the development affirmed that it's a consolidative pattern. More sideway trading could be seen but downside should be contained by 38.2% retracement of 42.03 to 62.58 at 54.73 and bring rally resumption. Above 62.58 will target 38.2% retracement of 107.73 to 42.03 at 67.13 next.

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