Crude Oil Movement
Crude Oil prices advanced 0.24% against the USD for the 24 hour period ending 23:00GMT, closing at 94.22, as encouraging US housing and employment data helped lift investor sentiment.
In the Asian session, at GMT0300, Crude Oil is trading at 94.11, 0.12% lower from yesterday’s close.
Crude oil is expected to find support at 92.73, and a fall through could take it to the next support level of 91.34. Crude oil is expected to find its first resistance at 94.98, and a rise through could take it to the next resistance level of 95.84.
Crude oil is trading between its 20 Hr and 50 Hr moving averages.
