Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil declined 0.56% against the USD and closed at USD62.09 per barrel.
In the Asian session, at GMT0300, the pair is trading at 62.01, with oil trading 0.13% lower against the USD from yesterday’s close.
The pair is expected to find support at 61.68, and a fall through could take it to the next support level of 61.34. The pair is expected to find its first resistance at 62.56, and a rise through could take it to the next resistance level of 63.10.
Crude oil is trading below its 20 Hr and 50 Hr moving averages.
