Crude Oil Movement
Oil prices advanced 1.55% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 87.62, as investors’ optimism about the Eurozone debt crisis resolution grew, ahead of Eurozone Officials meeting on Sunday.
In the Asian session, at GMT0300, Crude Oil is trading at 87.96, 0.39% higher from Friday’s close.
Crude oil is expected to find support at 86.31, and a fall through could take it to the next support level of 84.66. Crude oil is expected to find its first resistance at 89.25, and a rise through could take it to the next resistance level of 90.54.
The pair is trading above its 20 Hr and 50 Hr moving averages.
