CRUDE OIL risk remains to the upside on further strength as it looks to build on its Wednesday gain. Support lies at the 57.00 level where a break will expose the 56.50 level. A cut through here will set the stage for a run at the 56.00 level. Further down, support comes in at the 55.50 level. On the upside, resistance resides at the 58.00 level. Further out, resistance comes in at the 58.50 level. A break above here will aim at the 59.00 level and then the 59.50 level followed by the 60.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, CRUDE OIL remains biased to the upside on further strength.
