Crude Oil Movement
Crude Oil prices climbed 0.32% against the USD for the 24 hour period ending 23:00GMT, closing at 105.53.
In the Asian session, at GMT0300, Crude Oil is trading at 105.57, slightly higher from yesterday’s close.
Crude oil is expected to find support at 104.48, and a fall through could take it to the next support level of 103.38. Crude oil is expected to find its first resistance at 106.27, and a rise through could take it to the next resistance level of 106.96.
Crude oil is showing convergence with its 50 Hr moving average and is trading above its 20 Hr moving average.
