CRUDE OIL the pair looks to strengthen further in the days ahead as it built on its Wednesday gain on Thursday. Support lies at the 57.50 level where a break will expose the 57.00 level. A cut through here will set the stage for a run at the 56.50 level. Further down, support comes in at the 56.00. On the upside, resistance resides at the 58.50 levels. Further out, resistance comes in at the 59.00 level. A break above here will aim at the 59.50 level and then the 60.00 level followed by the 60.50 level. All in all, CRUDE OIL remains biased to the upside on further correction pressure.

CRUDE OIL: Builds Up On Bull Pressure