Crude Oil Movement
On Friday, Crude Oil prices marginally declined against the USD for the period ending 21:00GMT, closing at 97.74 as weak US jobs data raised concerns over the demand from the largest consumer of crude.
In the Asian session, at GMT0300, Crude Oil is trading at 97.9, 0.16% higher from Friday’s close.
Crude oil is expected to find support at 97.29, and a fall through could take it to the next support level of 96.69. Crude oil is expected to find its first resistance at 98.3, and a rise through could take it to the next resistance level of 98.71.
Crude oil is trading between its 20 Hr and 50 Hr moving averages..
