Crude Oil Weekly Technical Outlook

Crude oil's fall from 48.75 resumed by dipping through 43.0 support. Deeper decline should be seen initially this week. Overall, price actions from 51.67 are viewed as a consolidation pattern. We'd be cautious on strong support from 39.19 to bring rebound. Meanwhile, above 47.75 resistance 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-2016091733585/