Crude Oil Movement
Crude Oil prices advanced 0.42% against the USD for the 24 hour period ending 23:00GMT, closing at 93.97.
In the Asian session, at GMT0300, Crude Oil is trading at 93.71, 0.28% lower from yesterday’s close.
Crude oil is expected to find support at 93.36, and a fall through could take it to the next support level of 93.02. Crude oil is expected to find its first resistance at 94.05, and a rise through could take it to the next resistance level of 94.40.
Crude oil is showing convergence with its 20 Hr and 50 Hr moving averages.
