CRUDE OIL: Having maintained its upside offensive, further gain is likely towards the 98.22 level. A breach will resume its medium term uptrend with resistance standing at the 99.00 level with a loss of there turning attention to the 99.50 level. On the downside, below 89.00 level must be traded to reverse its present upside bias. This if seen will aim at the 88.87 level where its rising trendline is located. A breather may occur here and turn it higher but if broken further downside could follow towards the 87.00 level. All in all, Crude Oil remains biased to the upside on more offensive.
