Crude Oil Movement
Crude Oil prices declined 0.32% against the USD for the 24 hour period ending 23:00GMT, closing at 90.36.
In the Asian session, at GMT0400, Crude Oil is trading at 90.28, marginally lower from yesterday’s close.
Investors await the oil inventory data due later today and tomorrow, to offer further guidance on oil prices.
Crude Oil is expected to find support at 89.44, and a fall through could take it to the next support level of 88.59. Crude oil is expected to find its first resistance at 91.02, and a rise through could take it to the next resistance level of 91.75.
Crude Oil is trading between its 20 Hr and 50 Hr moving averages.
