Crude Oil Movement
Oil prices advanced 0.27% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 101.75.
In the Asian session, at GMT0400, Crude Oil is trading at 101.02, 0.72% lower from Friday’s close.
Crude oil is expected to find support at 100.33, and a fall through could take it to the next support level of 99.65. Crude oil is expected to find its first resistance at 102.25, and a rise through could take it to the next resistance level of 103.49.
Crude Oil is trading below its 20 Hr and 50 Hr moving averages.
