CRUDE OIL: With the commodity continuing to be weak and vulnerable to the downside, further declines are likely in the new week. Support lies at the 83.64 level where a break could drive Crude Oil further lower towards the 82.08 level. Further down, support stands at the 80.00 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, the commodity will have to return above the 87.69 level to reduce its current bearishness. Above here will open the door for more upside towards the 90.00 and then the 93.63 level. All in all, Crude Oil continues to face downside risks.
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