Crude Oil Movement
Crude Oil prices declined 0.93% against the USD for the 24 hour period ending 23:00GMT, closing at 44.80, as fears of global over-supply continued to persist.
In the Asian session, at GMT0300, the pair is trading at 44.85, with the oil trading 0.11% higher from yesterday’s close.
The pair is expected to find support at 44.29, and a fall through could take it to the next support level of 43.73. The pair is expected to find its first resistance at 45.32, and a rise through could take it to the next resistance level of 45.79.
Crude oil is trading between its 20 Hr and 50 Hr moving averages.
