Crude Oil Movement
On Friday, Crude Oil prices declined 0.83% against the USD for the period ending 21:00GMT, closing at 106.94, as weaker-than-expected July jobs data in the US dented investor sentiment
In the Asian session, at GMT0300, Crude Oil is trading at 106.91, marginally lower from Friday’s close.
Crude oil is expected to find support at 105.68, and a fall through could take it to the next support level of 104.46. Crude oil is expected to find its first resistance at 108.46, and a rise through could take it to the next resistance level of 110.02.
Crude oil is showing convergence with its 20 Hr and 50 Hr moving averages.
