Crude Oil Movement
Crude Oil prices advanced 0.23% against the USD for the 24 hour period ending 23:00GMT, closing at 97.90, ahead of weekly crude stocks data from the American Petroleum Institute.
In the Asian session, at GMT0300, Crude Oil is trading at 97.81, 0.09% lower from yesterday’s close.
Crude oil is expected to find support at 97.32, and a fall through could take it to the next support level of 96.83. Crude oil is expected to find its first resistance at 98.44, and a rise through could take it to the next resistance level of 99.07.
Crude oil is showing convergence with its 20 Hr and 50 Hr moving averages.
