Crude Oil Movement
Oil prices advanced 2.72% against the USD for the 24 hour period ending 23:00GMT, closing at 103.02, lifted by the closure of a pipeline carrying Canadian oil to the United States and a decline in the dollar on new hopes for a debt bailout for Greece.
At GMT 0300, Oil is trading at USD 102.88 per barrel in the Asian session, 0.14% lower from 23:00GMT.
The pair has its first resistance at 103.88, followed by the next resistance at 104.88. On the other side, the first support is at 101.39, with the subsequent support at 99.90.
The pair is trading just above its 20 Hr and its 50 Hr moving averages.
