Crude Oil Movement
On Friday, Crude Oil prices declined 0.13% against the USD for the period ending 21:00GMT, closing at 108.05.
In the Asian session, at GMT0300, Crude Oil is trading at 108.37, 0.30% higher from Friday’s close.
Crude oil is expected to find support at 107.46, and a fall through could take it to the next support level of 106.55. Crude oil is expected to find its first resistance at 109.30, and a rise through could take it to the next resistance level of 110.23.
Crude oil is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
