Crude Oil Movement
Oil prices declined 0.11% against the USD for the 24 hour period ending 23:00GMT, closing at 91.22.
In the Asian session, at GMT0300, Crude Oil is trading at 91.19, marginally lower from yesterday’s close.
Crude oil is expected to find support at 90.70, and a fall through could take it to the next support level of 90.22. Crude oil is expected to find its first resistance at 91.83, and a rise through could take it to the next resistance level of 92.48.
Crude oil is trading below its 20 Hr and 50 Hr moving averages.
