Crude Oil Movement
Oil prices advanced 3.52% against the USD for the 24 hour period ending 23:00GMT, closing at 82.83, after the German Parliament approved expanded European bailout fund, raising prospects for oil demand.
At GMT 0300, Oil is trading at USD 82.61 per barrel in the Asian session, 0.27% lower from 23:00GMT.
The pair has its first resistance at 84.24, followed by the next resistance at 85.87. On the other side, the first support is at 80.72, with the subsequent support at 78.83.
The pair is trading just above its 20 Hr and 50 Hr moving averages.
