Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil rose 8.79% against the USD and closed at USD46.55 per barrel.
In the Asian session, at GMT0400, the pair is trading at 46.06, with oil trading 1.05% lower against the USD from yesterday’s close.
The pair is expected to find support at 43.41, and a fall through could take it to the next support level of 40.75. The pair is expected to find its first resistance at 47.86, and a rise through could take it to the next resistance level of 49.65.
Crude oil is trading above its 20 Hr and 50 Hr moving average.
