Crude Oil Weekly Technical Outlook

Crude oil's rebound from 26.05 continued last week and further rise should be seen to 61.8% projection of 26.05 to 41.90 from 35.24 at 45.04. Firm break there will target 61.8% retracement of 62.58 to 26.05 at 48.63 next. In any case, near term outlook will stay bullish as long as 35.24 support holds.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2016042332765/