Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil declined 0.18% against the USD and closed at USD43.41 per barrel, surrendering its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 43.48, with the oil trading 0.16% higher against the USD from yesterday’s close.
The pair is expected to find support at 42.86, and a fall through could take it to the next support level of 42.23. The pair is expected to find its first resistance at 43.88, and a rise through could take it to the next resistance level of 44.27.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
