Crude oil prices cracked further and finding it hard to sustain on any higher levels last week another low tested in oil prices 41.90$ and it closed near lowest point of this week only , So again oil trend should remain under pressure and coming no respite from any market nor OPEC it should remain under pressure , now if crude oil price click our weekly support at 39.80$ and close below our major support then expect another bloodbath in crude oil prices upto 37$ – 35.10$ this week
If crude oil price click our technical resistance at 45.10$ and manage to close above this weekly resistance then expect oil prices upto 47.80$ – 49.90$ this week
weekly crude oil forecast conclusion : Crude oil trend is weak
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