Crude Oil Movement
Crude Oil prices advanced 0.40% against the USD for the 24 hour period ending 23:00GMT, closing at 85.03, amid upbeat US economic news.
However, gains were limited, as the European Central Bank President, Mario Draghi, maintained a downbeat outlook on the Euro-zone economy.
In the Asian session, at GMT0400, Crude Oil is trading at 85.41, 0.45% higher from yesterday’s close.
Crude oil is expected to find support at 84.53, and a fall through could take it to the next support level of 83.66. Crude Oil is expected to find its first resistance at 85.99, and a rise through could take it to the next resistance level of 86.58.
Crude Oil is trading between its 20 Hr and 50 Hr moving averages.
