Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil declined 0.56% against the USD and closed at USD74.14 per barrel.
In the Asian session, at GMT0300, the pair is trading at 73.88, with oil trading 0.35% lower against the USD from yesterday’s close, after the US President, Donald Trump demanded OPEC to reduce crude oil prices..
The pair is expected to find support at 73.36, and a fall through could take it to the next support level of 72.84. The pair is expected to find its first resistance at 74.54, and a rise through could take it to the next resistance level of 75.20.
Crude oil is trading below its 20 Hr and 50 Hr moving averages.
