Crude Oil Weekly Technical Outlook

Crude oil's down trend continued last week and there is no change in the near term bearish outlook. Current down trend should target 100% projection of 62.58 to 37.75 from 50.92 at 26.09. On the upside, break of 33.98 support turned resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2016011732146/