Crude Oil Movement
On Friday, Crude Oil prices declined 0.66% against the USD for the period ending 21:00GMT, closing at 57.20.
In the Asian session, at GMT0300, the pair is trading at 57.07, with the oil trading 0.23% lower from Friday’s close.
The pair is expected to find support at 56.39, and a fall through could take it to the next support level of 55.72. The pair is expected to find its first resistance at 57.84, and a rise through could take it to the next resistance level of 58.62.
Crude oil is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
