Crude Oil Movement
Oil prices declined 1.34% against the USD for the 24 hour period ending 23:00GMT, closing at 100.12, on less than expected US economic growth which raised concerns about oil demand.
At GMT 0300, Oil is trading at USD 100.63 per barrel in the Asian session, 0.51% higher from 23:00GMT.
The pair has its first resistance at 101.78, followed by the next resistance at 102.93. On the other side, the first support is at 99.55, with the subsequent support at 98.47.
The pair is showing convergence with its 20 Hr moving average and its 50 Hr moving average.
