Crude Oil: Oil jumped this morning after Greek election result‎

Crude Oil

Crude Oil Movement

On Friday, Oil prices declined 0.50% against the USD for the 24 hour period ending 23:00GMT, closing at 83.99.

In the Asian session, at GMT0300, Crude Oil is trading at 84.85, 1.02% higher from Friday’s close, after Greece’s pro-austerity parties won a tight general election, easing concerns of a Greece exit from the Euro-zone.,

Crude oil is expected to find support at 83.66, and a fall through could take it to the next support level of 82.47. Crude oil is expected to find its first resistance at 85.80, and a rise through could take it to the next resistance level of 86.74.

Crude oil is trading above with its 20 Hr and 50 Hr moving averages.

This entry was posted in Crude Oil. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>