Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil traded flat against the USD and closed at USD55.94 per barrel.
In the Asian session, at GMT0400, the pair is trading at 56.23, with oil trading 0.52% higher against the USD from yesterday’s close.
The pair is expected to find support at 55.55, and a fall through could take it to the next support level of 54.87. The pair is expected to find its first resistance at 56.65, and a rise through could take it to the next resistance level of 57.07.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
