Crude Oil Movement

For the 24 hours to 23:00 GMT, Crude Oil declined 0.44% against the USD and closed at USD61.72 per barrel, amid mounting concerns over Sino-American trade war.

In the Asian session, at GMT0300, the pair is trading at 62.26, with oil trading 0.87% higher against the USD from yesterday’s close.

The pair is expected to find support at 61.29, and a fall through could take it to the next support level of 60.32. The pair is expected to find its first resistance at 62.86, and a rise through could take it to the next resistance level of 63.46.

Crude oil is trading above its 20 Hr and 50 Hr moving averages.

This entry was posted in Crude Oil. Bookmark the permalink.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here