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The rebound from 26.19 short term bottom extended higher last week and further rise could be seen. But at this point, such rebound is still viewed as a corrective pattern. Thus, strong resistance could be seen from 38.9 to limit upside and bring down trend resumption. Below 29.25 minor support will turn bias to the downside for 26.19 low again.


from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2016013132246/
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