Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil declined 2.16% against the USD and closed at USD62.97 per barrel.
In the Asian session, at GMT0400, the pair is trading at 62.54, with oil trading 0.68% lower against the USD from yesterday’s close.
The pair is expected to find support at 61.65, and a fall through could take it to the next support level of 60.77. The pair is expected to find its first resistance at 64.07, and a rise through could take it to the next resistance level of 65.61.
Crude oil is trading below its 20 Hr and 50 Hr moving averages.
