Crude Oil Movement
On Friday, Crude Oil prices declined 1.42% against the USD for the period ending 21:00GMT, closing at 89.81 on the back of stronger greenback after the US reported robust employment data.
In the Asian session, at GMT0300, the pair is trading at 89.65, with the oil trading 0.18% lower from Friday’s close.
The pair is expected to find support at 88.7433, and a fall through could take it to the next support level of 87.8367. The pair is expected to find its first resistance at 91.1733, and a rise through could take it to the next resistance level of 92.6967.
Crude oil is trading below its 20 Hr and 50 Hr moving averages.
