Crude Oil Movement
Crude Oil prices declined 0.44% against the USD for the 24 hour period ending 23:00GMT, closing at 92.48, despite rising geopolitical tensions in the Middle East.
In the Asian session, at GMT0300, the pair is trading at 92.54, with the oil trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 91.88, and a fall through could take it to the next support level of 91.22. The pair is expected to find its first resistance at 93.37, and a rise through could take it to the next resistance level of 94.2.
Crude oil is trading between its 20 Hr and 50 Hr moving averages.
