Crude Oil Movement
Crude Oil prices advanced 0.72% against the USD for the 24-hour period ending 23:00GMT, closing at USD46.04 per barrel, reversing its previous session losses, amid a broad weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 45.92, with the oil trading 0.26% lower from yesterday’s close.
The pair is expected to find support at 44.92, and a fall through could take it to the next support level of 43.93. The pair is expected to find its first resistance at 46.71, and a rise through could take it to the next resistance level of 47.51.
Crude oil is trading between its 20 Hr and 50 Hr moving averages.
