Crude Oil Movement
Oil prices declined 0.53% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 93.34, on demand concerns.
In the Asian session, at GMT0400, Crude Oil is trading at 92.59, 0.80% lower from Friday’s close.
Crude oil is expected to find support at 91.77, and a fall through could take it to the next support level of 90.95. Crude oil is expected to find its first resistance at 93.65, and a rise through could take it to the next resistance level of 94.71.
Crude Oil is trading just below its 20 Hr and 50 Hr moving averages.
