Crude Oil Movement
On Friday, Crude Oil prices declined 0.05% against the USD for the period ending 21:00GMT, closing at 94.07.
In the Asian session, at GMT0400, Crude Oil is trading at 93.69, 0.40% lower from yesterday’s close, despite better than expected GDP growth in China.
Crude oil is expected to find support at 93.27, and a fall through could take it to the next support level of 92.84. Crude oil is expected to find its first resistance at 94.53, and a rise through could take it to the next resistance level of 95.36.
Crude oil is trading below its 20 Hr and 50 Hr moving averages.
