Crude Oil Movement
On Friday, Crude Oil prices advanced 0.22% against the USD for the period ending 21:00GMT, closing at 59.84, rebounding from its previous session losses.
In the Asian session, at GMT0300, the pair is trading at 59.76, with the oil trading 0.13% lower from Friday’s close.
The pair is expected to find support at 58.79, and a fall through could take it to the next support level of 57.83. The pair is expected to find its first resistance at 60.34, and a rise through could take it to the next resistance level of 60.93.
Crude oil is trading between its 20 Hr and 50 Hr moving averages.
