CRUDE OIL eyes 60.37 resistance zone and beyond as it follows through higher on its Thursday price reversal. Support lies at the 59.50 level where a break will expose the 59.00 level. A cut through here will set the stage for a run at the 58.50 level. Further down, support comes in at the 58.00 level. On the upside, resistance resides at the 60.37/50 levels. Further out, resistance comes in at the 61.00 level. A break above here will aim at the 61.50 level and then the 62.00 level followed by the 62.50 level. All in all, CRUDE OIL eyes 60.37 as it remains biased to the upside.
