Crude Oil Weekly Technical Outlook

Crude oil's rebound from 26.05 resumed last week by taking out 41.90 resistance. Near term outlook will stay bullish as long as 35.24 support holds. Current rise might now target 61.8% projection of 26.05 to 41.90 from 35.24 at 45.04 next. Break of 35.24, however, will suggest that rebound from 26.05 has completed and bring retest of this low.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2016041732721/