Crude Oil Movement
Crude Oil prices advanced 0.99% against the USD for the 24 hour period ending 23:00GMT, closing at 98.69.
In the Asian session, at GMT0400, Crude Oil is trading at 98.87, 0.18% higher from yesterday’s close amid continued optimism about the outlook for global economic growth.
Crude oil is expected to find support at 97.98, and a fall through could take it to the next support level of 97.10. Crude oil is expected to find its first resistance at 99.62, and a rise through could take it to the next resistance level of 100.38.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
