For the 24 hours to 23:00 GMT, Crude Oil rose 0.23% against the USD and closed at USD52.10 per barrel.
In the Asian session, at GMT0400, the pair is trading at 52.62, with oil trading 1.00% higher against the USD from yesterday’s close.
The pair is expected to find support at 51.46, and a fall through could take it to the next support level of 50.29. The pair is expected to find its first resistance at 53.21, and a rise through could take it to the next resistance level of 53.79.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
