Crude Oil Movement
Oil prices declined 0.30% against the USD for the 24 hour period ending 23:00GMT, closing at 85.23.
In the Asian session, at GMT0300, Crude oil is trading at 85.07, 0.19% lower from yesterday’s close.
Crude oil is expected to find support at 83.81, and a fall through could take it to the next support level of 82.56. Crude oil is expected to find its first resistance at 86.48, and a rise through could take it to the next resistance level of 87.90.
The pair is showing convergence with its 20 Hr and 50 Hr moving averages.
