Crude Oil Movement
On Friday, Crude Oil prices advanced 3.54% against the USD for the period ending 21:00GMT, closing at 60.23, extending its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 59.83, with the oil trading 0.66% lower from Friday’s close.
The pair is expected to find support at 58.13, and a fall through could take it to the next support level of 56.43. The pair is expected to find its first resistance at 61.11, and a rise through could take it to the next resistance level of 62.39.
Crude oil is trading above 20 Hr and 50 Hr moving averages.
