Crude Oil Movement
On Friday, Crude Oil prices advanced 0.83% against the USD for the period ending 21:00GMT, closing at 95.94, after a better-than-expected rise in the US consumer sentiment index raised optimism over fuel demand.
In the Asian session, at GMT0300, Crude Oil is trading at 96.00, marginally higher from Friday’s close.
Crude oil is expected to find support at 95.04, and a fall through could take it to the next support level of 94.09. Crude oil is expected to find its first resistance at 96.70, and a rise through could take it to the next resistance level of 97.41.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
