Crude Oil Movement
Oil prices declined 2.43% against the USD for the 24 hour period ending 23:00GMT, closing at 76.42, as concerns that Greece might default on its debt outweighed positive US economic data on manufacturing, construction and new vehicle sales.
In the Asian session, at GMT0300, Crude oil is trading at 76.69, 0.35% higher from the New York close.
Crude oil is expected to find support at 75.19, and a fall through could take it to the next support level of 73.7. Oil is expected to find its first resistance at 78.91, and a rise through could take it to the next resistance level of 81.14.
Crude oil is trading below its 20 Hr and 50 Hr moving averages.
