Crude Oil Movement
Crude Oil prices advanced 0.95% against the USD for the 24 hour period ending 23:00GMT, closing at 93.27, as encouraging weekly US labour-market data pointed to further improvements in the broader economy.
In the Asian session, at GMT0400, Crude Oil is trading at 93.31, tad higher from yesterday’s close.
Crude oil is expected to find support at 92.42, and a fall through could take it to the next support level of 91.54. Crude oil is expected to find its first resistance at 93.78, and a rise through could take it to the next resistance level of 94.26.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
