Crude Oil Movement
Crude Oil prices advanced 1.18% against the USD for the 24 hour period ending 23:00GMT, closing at 92.82.
In the Asian session, at GMT0300, the pair is trading at 92.71, with the oil trading 0.12% lower from yesterday’s close.
The pair is expected to find support at 91.3767, and a fall through could take it to the next support level of 90.04. The pair is expected to find its first resistance at 93.57, and a rise through could take it to the next resistance level of 94.36.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
