Crude Oil Weekly Technical Outlook

Crude oil's sharp decline last week suggests that rebound from 39.19 has completed at 48.75. Initial bias is back on the downside this week for 39.19 support. We'd be cautious on strong support above there to extend recent sideway trading. Meanwhile, above 48.75 will target a test on 51.67 high.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2016090333516/