Crude Oil Movement
Oil prices advanced 0.34% against the USD for the 24 hour period ending 23:00GMT, closing at 104.75, as fight in Libya continued thus keeping investors worried about the possibility of spreading of unrest to other key oil-producing countries in the region.
At GMT 0400, Oil is trading at USD 104.76 per barrel in the Asian session, 0.01% higher from 23:00GMT.
The pair has its first resistance at 106.23, followed by the next resistance at 107.71. On the other side, the first support is at 104.01, with the subsequent support at 103.27.
The pair is trading between its 20 Hr and 50 Hr moving averages.
