Crude Oil Weekly Technical Outlook

With 29.25 minor support intact, the rebound from 26.19 short term bottom could still extend higher. But 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-2016020732296/