Crude Oil Weekly Outlook - descending triangle pattern was formed for the bearish breakdown

Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA:

• the price is on secondary ranging within 54.00 key resistance level and 42.18 key support level;
• bullish reversal level for Crude Oil is 69.57; if the price breaks this level from below to above so the reversal of the price movement from the primary bearish to the primary bullish condition may be started;
• intermediate support level for the price on the way to the key support is 43.11 level;
  
• descending triangle pattern was formed by the price to be broken to below for the possible bearish breakdown.

• if weekly price breaks 54.00 resistance so we may see the local uptrend as the secondary rally within the primary bearish market condition;
• if weekly price breaks 69.57 resistance so the reversal of the price movement from the primary bearish to the primary bullish condition may be started;
• if weekly price breaks 43.11 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 the bearish breakdown up to the new 'bottom' to be forming;
  
• if not so the price will be moved within the channel.