Crude Oil Movement
Crude Oil prices advanced 0.97% against the USD for the 24-hour period ending 23:00GMT, closing at 45.66, extending its gains for the third consecutive day.
In the Asian session, at GMT0300, the pair is trading at 45.93, with the oil trading 0.59% higher from yesterday’s close.
The pair is expected to find support at 45.20, and a fall through could take it to the next support level of 44.47. The pair is expected to find its first resistance at 46.40, and a rise through could take it to the next resistance level of 46.87.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
