Crude Oil Movement
On Friday, Crude Oil prices advanced 0.57% against the USD for the period ending 21:00GMT, closing at 92.79, buoyed by upbeat Chinese imports data and a weakness in the US Dollar.
In the Asian session, at GMT0400, Crude Oil is trading at 92.42, 0.40% lower from Friday’s close.
Crude oil is expected to find support at 91.81, and a fall through could take it to the next support level of 91.21. Crude oil is expected to find its first resistance at 93.20, and a rise through could take it to the next resistance level of 93.99.
Crude oil is showing convergence with its 20 Hr and 50 Hr moving averages.
