Crude Oil Movement
Crude Oil prices declined 1.82% against the USD for the 24 hour period ending 23:00GMT, closing at 95.57, as data from the US as well as Europe raised oil demand concerns.
In the Asian session, at GMT0300, Crude Oil is trading at 95.64, 0.07% higher from yesterday’s close.
Crude oil is expected to find support at 94.74, and a fall through could take it to the next support level of 93.83. Crude oil is expected to find its first resistance at 97.07, and a rise through could take it to the next resistance level of 98.49.
Crude oil is trading below its 20 Hr and 50 Hr moving averages.
