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June 18,2013
June 14,2013
June 10,2013
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June 18, 2013
June 13, 2013
June 10, 2013
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GCI’ analytics
Crude Oil: Crude oil fell on disappointing data from the US, trading higher this morning
Oil prices declined 1.68% against the USD for the 24 hour period ending 23:00GMT, closing at 99.27, on weak US economic data and a broadly lower US dollar.
In the Asian session, at GMT0400, Crude Oil is trading at 99.67, 0.40% higher from yesterday’s close.
Crude oil is expected to find support at 97.79, and a fall through could take it to the next support level of 95.90. Crude oil is expected to find its first resistance at 102.27, and a rise through could take it to the next resistance level of 104.86.
The pair is trading below its 20 Hr and 50 Hr moving averages.
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