Crude Oil Movement
Oil prices declined 1.84% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 98.06.
At GMT 0300, Oil is trading at USD 98.80 per barrel in the Asian session, 0.75% higher from 23:00GMT.
The pair has its first resistance at 102.56, followed by the next resistance at 106.32. On the other side, the first support is at 94.87, with the subsequent support at 90.94.
The pair is showing convergence with its 20 Hr moving average and is trading well below 50 Hr moving averages.
