Crude Oil Movement
On Friday, Crude Oil prices declined 0.20% against the USD for the 24 hour period ending 24:00GMT, closing at 95.77.
In the Asian session, at GMT0400, Crude Oil is trading at 95.7, marginally lower from Friday’s close.
Lighter trade volumes are expected, with many traders in Asia away for the Chinese New Year holiday.
Crude oil is expected to find support at 95.12, and a fall through could take it to the next support level of 94.55. Crude oil is expected to find its first resistance at 96.42, and a rise through could take it to the next resistance level of 97.15.
Crude Oil is trading below its 20 Hr and 50 Hr moving averages.
