Crude Oil Weekly Technical Outlook

Crude oil engaged in sideway trading in tight range last week. With 45.84 minor support intact, near term outlook stays bullish for a test on 51.67 resistance. Break will resume whole rally from 26.05. Meanwhile, break of 45.84 support will suggests that the pattern from 51.67 high is extending with another fall and turn bias to the downside for 39.19 support.

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