Crude Oil Weekly Outlook - intermediate support level to be broken with the bearish to be continuing

Weekly price is on bearish market condition with below 100-period SMA and 200-period SMA with the ranging between 54.27 resistance level and 42.18 support level:

• the price is trying to cross 46.22 intermediate support level from above to below with 42.18 as the next bearish target;
• symmetric pattern was broken by price to below for the breakdown to be continuing;
• nearest support levels to be broken are 46.22 and 42.18;
  
• nearest resistance levels are 54.27 (W1) and 69.57 (W1).

• if weekly price breaks 54.27 resistance so we may see the secondary rally within the primary bearish market condition;
  
• if weekly price breaks 42.18 support level so the primary bearish will be continuing without ranging up to the new 'bottom' to be forming;
  
• if not so the price will be moved within the levels.