Crude Oil: Oil trading higher this morning

 

Crude Oil

Crude Oil Movement

Crude Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 95.34.

In the Asian session, at GMT0400, Crude Oil is trading at 95.56, 0.23% higher from yesterday’s close.

Crude Oil is expected to find support at 95.17, and a fall through could take it to the next support level of 94.77. Crude Oil is expected to find its first resistance at 95.84, and a rise through could take it to the next resistance level of 96.11.

Crude Oil is trading above its 20 Hr and 50 Hr moving averages.

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