Crude Oil Weekly Technical Outlook

Outlook in crude oil is unchanged. Price actions from 37.75 are possibly developing into a sideway pattern. And we'd continue to expect strong resistance around 50 which coincide with 50% retracement of 62.58 to 37.75 at 50.17 to limit upside. While crude oil may attempt to gyrate lower, there is no clear prospect of breaking 37.75 low decisively yet.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2015110831697/