Crude Oil Weekly Technical Outlook

Crude oil's fall from 48.75 was contained at 43.00 and then rebounded. Initial bias stays neutral this week first. The sideway consolidation from 51.67 could extend. In case of another fall, we'd be cautious on strong support from 39.19 to bring rebound. 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-2016091133552/