Crude Oil Movement
Crude Oil prices advanced 0.07% against the USD for the 24 hour period ending 23:00GMT, closing at 59.28, extending its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 59.18, with the oil trading 0.17% lower from yesterday’s close.
The pair is expected to find support at 58.67, and a fall through could take it to the next support level of 58.16. The pair is expected to find its first resistance at 59.77, and a rise through could take it to the next resistance level of 60.36.
Crude oil is showing convergence with its 20 Hr and 50 Hr moving averages.
