Crude Oil Movement
On Friday, Oil prices advanced 1.81% against the USD for the 24 hour period ending 23:00GMT, closing at 96.36.
In the Asian session, at GMT0300, Crude Oil is trading at 96.21, 0.16% lower from Friday’s close.
Crude oil is expected to find support at 94.61, and a fall through could take it to the next support level of 93.02. Crude oil is expected to find its first resistance at 97.27, and a rise through could take it to the next resistance level of 98.34.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
