Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil rose 0.19% against the USD and closed at USD62.79 per barrel.
In the Asian session, at GMT0400, the pair is trading at 62.97, with oil trading 0.29% higher against the USD from yesterday’s close.
The pair is expected to find support at 62.33, and a fall through could take it to the next support level of 61.69. The pair is expected to find its first resistance at 63.87, and a rise through could take it to the next resistance level of 64.78.
Crude oil is trading below its 20 Hr and 50 Hr moving averages.
