Crude Oil: Trading flat after yesterdays surge

Crude Oil

Crude Oil Movement

Oil prices advanced 2.39% against the USD for the 24 hour period ending 23:00GMT, closing at 87.50.

At GMT 0300, Oil is trading at USD 87.47per barrel in the Asian session, flat from 23:00GMT.

The pair has its first resistance at 88.88, followed by the next resistance at 90.29. On the other side, the first support is at 85.22, with the subsequent support at 82.97.

The pair is trading just above its 20 Hr and its 50 Hr moving averages.

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