Crude Struggling To Extend Three Day Winning Streak

Crude futures are lower by $0.13 at $46.46 in Monday's session. Earlier in the session, it found resistance ahead of Friday's close ($46.59) and retreated. The ensuing decline, found support ahead of Friday's low ($45.48), only reaching $45.56 and rebounded to make a new high for the session at $46.73. The contract is currently on three day winning streak, that has the taken Crude Oil from its October 27 close ($43.20) to $46.59 on Friday. Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.

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