Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil rose 0.36% against the USD and closed at USD61.06 per barrel, amid positive development in the US-China trade deal.
In the Asian session, at GMT0400, the pair is trading at 61.13, with oil trading 0.11% higher against the USD from yesterday’s close.
The pair is expected to find support at 60.75, and a fall through could take it to the next support level of 60.36. The pair is expected to find its first resistance at 61.46, and a rise through could take it to the next resistance level of 61.78.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
