Crude Oil Movement
Oil prices declined 0.27% against the USD for the 24 hour period ending 23:00GMT, closing at 97.78.
In the Asian session, at GMT0400, Crude Oil is trading at 97.65, 0.13% lower from yesterday’s close.
Crude oil is expected to find support at 96.27, and a fall through could take it to the next support level of 94.90. Crude oil is expected to find its first resistance at 99.88, and a rise through could take it to the next resistance level of 102.12.
Crude Oil is trading between its 20 Hr and 50 Hr moving averages.
