Crude Oil Movement
Oil prices advanced 0.46% against the USD for the 24 hour period ending 23:00GMT, closing at 96.84, on persistent hopes for stimulus measures from central banks in the US and Europe, with key policy meetings this week and next..
In the Asian session, at GMT0300, Crude Oil is trading at 97.16, 0.33% higher from yesterday’s close.
Crude oil is expected to find support at 96.39, and a fall through could take it to the next support level of 95.61. Crude oil is expected to find its first resistance at 97.62, and a rise through could take it to the next resistance level of 98.07.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
