Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil declined 0.13% against the USD and closed at USD74.00 per barrel.
In the Asian session, at GMT0300, the pair is trading at 74.04, with oil trading 0.05% higher against the USD from yesterday’s close, amid worries over potential supply shortages.
The pair is expected to find support at 73.27, and a fall through could take it to the next support level of 72.50. The pair is expected to find its first resistance at 74.53, and a rise through could take it to the next resistance level of 75.02.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
