Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil slightly declined against the USD and closed at USD68.13 per barrel.
In the Asian session, at GMT0300, the pair is trading at 67.93, with oil trading 0.29% lower against the USD from yesterday’s close.
The pair is expected to find support at 67.50, and a fall through could take it to the next support level of 67.07. The pair is expected to find its first resistance at 68.57, and a rise through could take it to the next resistance level of 69.21.
Crude oil is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
