Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil rose 0.98% against the USD and closed at USD52.33 per barrel.
In the Asian session, at GMT0400, the pair is trading at 52.47, with oil trading 0.27% higher against the USD from yesterday’s close.
The pair is expected to find support at 51.63, and a fall through could take it to the next support level of 50.80. The pair is expected to find its first resistance at 53.04, and a rise through could take it to the next resistance level of 53.62.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.