WTIUSD

WTIUSD continues to remain under pressure with expectations of weak demand due to economic uncertainty and slowing inflation in China. While China's debt restructuring package did not meet expectations, declines in Asian indices and positive sentiment in the U.S. are influencing the direction of oil prices. Natural gas production cuts in the U.S. have not yet made a positive contribution to oil prices. Negative impacts on global trade, particularly China's situation, continue to exert pressure on oil prices.

In technical analysis, the WTIUSD chart is being examined on a daily time frame. Prices are currently hovering near the support levels of 67.5 and 67.0. In downward movements, these levels can be monitored as main targets. In potential upward recoveries, the resistance levels of 68.5 and 69.0 are of critical importance. The RSI indicator is at 47, showing a neutral outlook. Oil prices, experiencing a 0.62% decline on a daily basis, indicate that the downward pressure persists in the short term.