Crude Oil Movement
Crude Oil prices advanced 0.59% against the USD for the 24 hour period ending 23:00GMT, closing at 53.10, as violence continued to escalate in Libya.
Meanwhile, no deal between Greece and its Euro-zone creditors provided support for oil prices.
In the Asian session, at GMT0400, the pair is trading at 53.22, with the oil trading 0.23% higher from yesterday’s close.
The pair is expected to find support at 51.30, and a fall through could take it to the next support level of 49.38. The pair is expected to find its first resistance at 54.64, and a rise through could take it to the next resistance level of 56.06.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
