Crude Oil Movement
On Friday, Crude Oil prices declined 0.49% against the USD for the period ending 21:00GMT, closing at 92.81, as investor sentiment dented over the uncertain outlook for growth in the world’s largest oil consumers, the US.
In the Asian session, at GMT0300, Crude Oil is trading at 92.68, 0.14% lower from Friday’s close.
Crude oil is expected to find support at 91.97, and a fall through could take it to the next support level of 91.25. Crude oil is expected to find its first resistance at 93.49, and a rise through could take it to the next resistance level of 94.29.
Crude oil is showing convergence with its 20 Hr and 50 Hr moving averages.
