Crude Oil Movement
Oil prices advanced 2.44% against the USD for the 24 hour period ending 23:00GMT, closing at 92.09, on renewed Middle East concern.
Meanwhile, investors await American Petroleum Institute (API) monthly report due out in the day ahead.
In the Asian session, at GMT0300, Crude Oil is trading at 92.26, 0.18% higher from yesterday’s close.
Crude oil is expected to find support at 90.55, and a fall through could take it to the next support level of 88.83. Crude oil is expected to find its first resistance at 93.46, and a rise through could take it to the next resistance level of 94.65.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
