Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil declined 0.11% against the USD and closed at USD61.68 per barrel.
In the Asian session, at GMT0400, the pair is trading at 61.61, with oil trading 0.11% lower against the USD from yesterday’s close.
The pair is expected to find support at 61.02, and a fall through could take it to the next support level of 60.43. The pair is expected to find its first resistance at 62.27, and a rise through could take it to the next resistance level of 62.93.
Crude oil is trading below its 20 Hr and 50 Hr moving averages.
