Crude oil Movement
Oil prices advanced 0.30% against the USD for the 24 hour period ending 23:00GMT, closing at 90.81, amid encouraging US jobless claims data.
In the Asian session, at GMT0300, Crude Oil is trading at 90.36, 0.50% lower from yesterday’s close.
Crude oil is expected to find support at 89.61, and a fall through could take it to the next support level of 88.85. Crude oil is expected to find its first resistance at 91.32, and a rise through could take it to the next resistance level of 92.27.
Crude oil is trading below its 20 Hr and 50 Hr moving averages.
