Crude Oil Movement
On Friday, Crude Oil prices declined 0.29% against the USD for the period ending 21:00GMT, closing at 44.77, surrendering its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 45.24, with the oil trading 1.05% higher from Friday’s close.
The pair is expected to find support at 44.62, and a fall through could take it to the next support level of 44.01. The pair is expected to find its first resistance at 46.11, and a rise through could take it to the next resistance level of 46.99.
Crude oil is trading between its 20 Hr and 50 Hr moving averages.
