Crude Oil Movement
Crude Oil prices declined 0.12% against the USD for the 24 hour period ending 23:00GMT, closing at 96.70, as conflict in Ukraine and Iraq eased.
In the Asian session, at GMT0300, Crude Oil is trading at 96.79, 0.09% higher from yesterday’s close, ahead of weekly crude oil supply data from the American Petroleum Institute.
Crude oil is expected to find support at 96.09, and a fall through could take it to the next support level of 95.39. Crude oil is expected to find its first resistance at 97.21, and a rise through could take it to the next resistance level of 97.63.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
