Crude Oil Movement
Oil prices advanced 0.93%, on Friday, for the 24 hour period ending 23:00GMT, closing at 82.90, on speculation that oil demand would increase, following the better than expected US jobs data.
In the Asian session, at GMT0300, Crude oil is trading at 83.53, 0.76% higher from the Friday’s close.
Crude oil is expected to find support at 81.93, and a fall through could take it to the next support level of 80.32. Crude oil is expected to find its first resistance at 84.57, and a rise through could take it to the next resistance level of 85.60.
The pair is trading above its 20 Hr and 50 Hr moving averages.
