CRUDE OIL: With the commodity remaining on the offensive after halting its corrective pullback, more strength is envisaged. On the downside, support resides at the 46.00 level where a break will expose the 45.00 level. A cut through here will set the stage for a run at the 44.00 level. Further down, support resides at the 43.00 level. On the upside, resistance resides at the 47.00 level. Further out, resistance comes in at the 48.00 level. A break above here will aim at the 49.00 level and then the 50.00 level followed by the 51.00 level. All in all, CRUDE OIL remains biased to the upside on recovery.
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