Crude Oil Rebounds With The Market

July Crude Oil futures are trading higher by $0.08 at $$49.15 in Monday's session. It bottomed just ahead of the stock market open at $48.16. That low fall in between its June 2 low ($47.97) and its June 3 low ($48.33). Since making that low, it surpassed Friday's close ($49.07), so far reaching $49.24. If the rally continues, there is only minor resistance in the remainder of the $49 handle.