Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil rose 0.76% against the USD and closed at USD66.15 per barrel.
In the Asian session, at GMT0300, the pair is trading at 66.18, with oil trading 0.05% higher against the USD from yesterday’s close, amid optimism over the outcome of US-North Korea summit in Singapore.
The pair is expected to find support at 65.24, and a fall through could take it to the next support level of 64.29. The pair is expected to find its first resistance at 66.74, and a rise through could take it to the next resistance level of 67.29.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
