Crude Oil Movement
On Friday, Crude Oil prices declined 0.88% against the USD for the period ending 21:00GMT, closing at 101.76, as a government shut down in the US continued to weigh on the demand prospect of the commodity.
In the Asian session, at GMT0300, Crude Oil is trading at 101.85, 0.09% higher from Friday’s close.
Crude oil is expected to find support at 100.67, and a fall through could take it to the next support level of 99.48. Crude oil is expected to find its first resistance at 102.97, and a rise through could take it to the next resistance level of 104.08.
Crude oil is trading between its 20 Hr and 50 Hr moving averages.
