Crude Oil Movement
Oil prices declined 0.73% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 91.19, on concerns that the slowing US economic growth would reduce the demand for oil.
At GMT 0300, Oil is trading at USD 90.47 per barrel in the Asian session, 0.79% lower from 23:00GMT.
The pair has its first resistance at 91.91, followed by the next resistance at 93.36. On the other side, the first support is at 89.42, with the subsequent support at 88.38.
The pair is trading just below its 20 Hr moving average and is trading well below its 50 Hr moving average.
