Crude Oil Movement
Crude Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 92.30.
In the Asian session, at GMT0400, Crude Oil is trading at 92.25, slightly lower from yesterday’s close.
Crude oil is expected to find support at 92.07, and a fall through could take it to the next support level of 91.89. Crude oil is expected to find its first resistance at 92.42, and a rise through could take it to the next resistance level of 92.59.
Crude oil is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
