Quick Technical Overview - Crude Oil: bearish ranging to breakdown

Weekly price is on bearish market condition located below Ichimoku cloud. The price is breaking 43.91 support level from above to below for the bearish condition to be continuing with 42.18 as the next bearish target. Chinkou Span line is located below the price and indicating the bearish breakdown by the direction, and Absolute Strength indicator is estimating the bearish trend with the secondary ranging.

• if weekly price breaks 54.00 resistance so the reversal of the price movement to the primary bullish market condition will be started with the secondary ranging - the price will be located inside Ichimoku cloud in this case;
  
• if weekly price breaks 43.91 support level so the primary bearish will be continuing up to 42.18 as the next bearish target;
• if weekly price breaks 42.18 support level so we may see good breakdown up to the new 'bottom' to be forming;
  
• if not so the price will be moved within the levels.