CRUDE OIL: With continued upside offensive seen, Crude Oil now looks to retarget the 90.30 level, its Dec 03’2012 low. The commodity will have to break and hold above here to convince the market of further upside. As long as the the 90.30 level remains unbroken, the risk is for it to reverse its present gains and recapture its key support located at the 84.04 level. A breach of here will aim at the 83.00 level and then the 81.00 level. On the other hand, the commodity will have to break and hold above 90.30 level to create scope for more upside towards the 91.25 level. Further out, resistance resides at the 92.00 level. All in all, Crude Oil continues to strengthen on correction.
