Trading flat after yesterdays surge

Crude Oil

Crude Oil Movement

Oil prices advanced 4.76% against the USD for the 24 hour period ending 23:00GMT, closing at 95.79.

At GMT 0400, Oil is trading at USD 95.76 per barrel in the Asian session, 0.03% lower from 23:00GMT.

The pair has its first resistance at 97.82, followed by the next resistance at 99.88. On the other side, the first support is at 91.89, with the subsequent support at 88.02.

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

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