Crude Oil Movement
Oil prices advanced 1.83% against the USD for the 24 hour period ending 23:00GMT, closing at 97.45, amid strong US jobs data.
In the Asian session, at GMT0400, Crude Oil is trading at 98.06, 0.63% higher from yesterday’s close.
Crude oil is expected to find support at 96.06, and a fall through could take it to the next support level of 94.05. Crude oil is expected to find its first resistance at 99.21, and a rise through could take it to the next resistance level of 100.35.
Crude Oil is trading above its 20 Hr and 50 Hr moving averages.
