Crude Oil: Trading lower this morning

Crude Oil

Crude Oil Movement

Oil prices advanced 0.39% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 99.77.

At GMT 0300, Oil is trading at USD 98.82 per barrel in the Asian session, 0.95% lower from 23:00GMT.

The pair has its first resistance at 99.86, followed by the next resistance at 100.91. On the other side, the first support is at 98.10, with the subsequent support at 97.39.

The pair is trading just below its 20 Hr and its 50 Hr moving averages.

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