Crude Oil Movement
Oil prices declined 2.22% against the USD for the 24 hour period ending 23:00GMT, closing at 87.40, amid easing of tensions in Egypt.
At GMT 0400, Oil is trading at USD 87.29 per barrel in the Asian session, 0.13% lower from 23:00GMT.
The pair is showing a downward trend and is currently trading well below its 20 Hr and 50 Hr moving averages.
The pair has its first resistance at 88.78, followed by the next resistance at 90.28. On the other side, the first support is at 86.47, with the subsequent support at 85.66.
