Crude Oil Movement
On Friday, Crude Oil prices advanced 1.31% against the USD for the period ending 21:00GMT, closing at 96.82 as geopolitical tensions escalated after news emerged that the Ukrainian troops attacked and destroyed a Russian armoury vehicle that was entering Ukrainian territory.
In the Asian session, at GMT0300, Crude Oil is trading at 96.9, 0.08% higher from Friday’s close.
Crude oil is expected to find support at 95.68, and a fall through could take it to the next support level of 94.45. Crude oil is expected to find its first resistance at 97.77, and a rise through could take it to the next resistance level of 98.63.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
