Crude Oil Movement
Oil prices declined 1.63% against the USD for the 24 hour period ending 23:00GMT, closing at 95.27, after a report showed that the US manufacturing index fell more than expected in July.
At GMT 0300, Oil is trading at USD 95.19 per barrel in the Asian session, 0.08% lower from 23:00GMT.
The pair has its first resistance at 98.03, followed by the next resistance at 100.88. On the other side, the first support is at 92.88, with the subsequent support at 90.58.
The pair is trading just below its 20 Hr and its 50 Hr moving averages.
