Crude Oil Movement
Oil prices declined 8.05% against the USD for the 24 hour period ending 23:00GMT, closing at 99.89, amid fears of lower-than-expected global economic growth and amid a stronger dollar.
At GMT 0300, Oil is trading at USD100.58 per barrel in the Asian session, 0.69% higher from 23:00GMT.
The pair has its first resistance at 107.23, followed by the next resistance at 113.87. On the other side, the first support is at 96.09, with the subsequent support at 91.59.
Crude Oil is trading far below its 20 Hr and 50 Hr moving averages.
