Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil rose 2.75% against the USD and closed at USD75.48 per barrel, on Iran sanctions and NAFTA deal.
In the Asian session, at GMT0300, the pair is trading at 75.54, with oil trading 0.08% higher against the USD from yesterday’s close.
The pair is expected to find support at 73.74, and a fall through could take it to the next support level of 71.93. The pair is expected to find its first resistance at 76.56, and a rise through could take it to the next resistance level of 77.57.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
