Last week WTI crude oil prices traded in a small range of 2$ no major trend changed no major breakout it was flat week for crude oil and it just did’nt came out of the box and it closed below 45$ , this week crude oil has a weekly support level at 43$ once prices break this and close below this major support level then expect oil prices to decline upto 41$ – 39$
Crude oil prices has a good resistance at 48.10$ oil prices need to break this and close above this resistance level to resume buyer interest upto 50$ and more
Crude oil technical analysis conclusion : Last week nothing much happened in crude oil prices so trend is flat for now
More will update during live market hours