Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil rose 1.10% against the USD and closed at USD65.93 per barrel, amid concerns over Venezuela’s oil supply.
In the Asian session, at GMT0300, the pair is trading at 66.06, with oil trading 0.20% higher against the USD from yesterday’s close.
The pair is expected to find support at 65.18, and a fall through could take it to the next support level of 64.31. The pair is expected to find its first resistance at 66.56, and a rise through could take it to the next resistance level of 67.07.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
