Crude Oil Movement
Oil prices advanced 3.36% against the USD for the 24 hour period ending 23:00GMT, closing at 93.84, primed by a deal on Greek debt that investors speculated bodes well for resolving the eurozone crisis.
In the Asian session, at GMT0300, Crude Oil is trading at 93.34, 0.53% lower from yesterday’s close.
Crude oil is expected to find support at 91.85, and a fall through could take it to the next support level of 90.36. Crude oil is expected to find its first resistance at 94.54, and a rise through could take it to the next resistance level of 95.74.
Crude Oil is trading above its 20 Hr and 50 Hr moving averages.
