Nymex Crude Oil (CL) Crude oil’s correction from 82.00 continued last week. Despite intra-week strong recovery, crude oil was limited below 82.00 high and weakened to new weekly low on Friday, indicating that such consolidation is still in progress. Initial bias is on the downside this week and further fall should be seen to 38.2% retracement of 65.05 to 82 at 75.53 first. Break will target 61.8% retracement at 71.52. On the upside, break of 80.46 minor resistance is needed to indicate that