Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil rose 1.58% against the USD and closed at 41.78, extending its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 41.74, with the oil trading 0.1% lower from yesterday’s close.
The pair is expected to find support at 40.75, and a fall through could take it to the next support level of 39.77. The pair is expected to find its first resistance at 42.40, and a rise through could take it to the next resistance level of 43.07.
Crude oil is trading above its 20 Hr and 50 Hr moving average.
