CRUDE OIL: With Crude Oil still holding below its cluster of resistance at the 54.15 zone, it looks to weaken in the new week. On the downside, support lies at the 50.50 level where a break will expose the 49.00 level. A break will aim at the 48.00 level and then the 47.00 level. Below here will open the door for a run at the 46.00 level. Conversely, on the upside, resistance resides at the 52.50 level where a break will expose the 53.50 level followed by the 54.00 level. A cut through here will aim at the 55.00 level. All in all, Crude Oil remains biased to the downside medium term.
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