Crude Oil Movement
On Friday, Crude Oil prices advanced 1.39% against the USD for the period ending 21:00GMT, closing at 105.95.
In the Asian session, at GMT0300, Crude Oil is trading at 105.91, marginally lower from Friday’s close.
Crude oil is expected to find support at 104.80, and a fall through could take it to the next support level of 103.68. Crude oil is expected to find its first resistance at 106.68, and a rise through could take it to the next resistance level of 107.44.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
