from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2017010834066/
Crude Oil Weekly Technical Outlook
Crude oil edged higher to 55.24 but lost momentum again. Upside momentum remains unconvincing with bearish divergence condition in 4 hours MACD. But near term outlook stays cautiously bullish as long as 49.94 support holds. Further rally should be sent to next fibonacci level at 57.27. However, break of 49.95 support will be an early sign of reversal and turn focus back to 42.40 support.
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2017010834066/
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2017010834066/
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