Crude Oil Movement
Oil prices advanced 1.48% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 82.74.
At GMT 0300, Oil is trading at USD 82.67 per barrel in the Asian session, 0.08% lower from Friday’s close at 23:00GMT.
The pair has its first resistance at 84.42, followed by the next resistance at 86.18. On the other side, the first support is at 80.04, with the subsequent support at 77.42.
The pair is showing convergence with its 50 Hr moving average and is trading just above its 20 Hr moving average.
