Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil rose 0.07% against the USD and closed at USD58.10 per barrel.
In the Asian session, at GMT0400, the pair is trading at 57.98, with oil trading 0.21% lower against the USD from yesterday’s close.
The pair is expected to find support at 57.65, and a fall through could take it to the next support level of 57.31. The pair is expected to find its first resistance at 58.31, and a rise through could take it to the next resistance level of 58.63.
Crude oil is showing convergence with its 20 Hr and 50 Hr moving averages.
