Crude Oil Movement
Oil prices declined 4.50% against the USD for the 24 hour period ending 23:00GMT, closing at 80.61, on demand concerns.
At GMT 0300, Oil is trading at USD77.46 per barrel in the Asian session, 3.91% lower from 23:00GMT.
The pair has its first resistance at 83.10, followed by the next resistance at 88.73. On the other side, the first support is at 73.77, with the subsequent support at 70.07.
The pair is trading below its 20 Hr and its 50 Hr moving averages.
