Crude Oil Movement
Oil prices advanced 0.65% against the USD for the 24 hour period ending 23:00GMT, closing at 91.39. Gains in oil prices were however limited, amid easing supply concerns and lingering fears of a financial default by Greece that may hit demand for energy.
At GMT 0300, Oil is trading at USD 90.93 per barrel in the Asian session, 0.50% lower from 23:00GMT.
The pair has its first resistance at 91.69, followed by the next resistance at 92.45. On the other side, the first support is at 89.89, with the subsequent support at 88.85.
The pair is showing convergence with its 50 Hr moving average and is trading just above its 20 Hr moving average.
