Crude Oil Movement
Oil prices advanced 3.96% against the USD for the 24 hour period ending 23:00GMT, closing at 101.85, on signals that the global economic recovery remains intact.
At GMT 0300, Oil is trading at USD 101.01 per barrel in the Asian session, 0.82% lower from 23:00GMT.
The pair has its first resistance at 103.56, followed by the next resistance at 106.11. On the other side, the first support is at 98.31, with the subsequent support at 95.61.
The pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
