WTIUSD

image

WTIUSD

Despite the American Petroleum Institute's announcement of an increase of approximately 7.2 million barrels in stocks, oil futures continued their upward trend with the perception that the rise in stock indices would improve the demand outlook. Whether this situation, which gained momentum after the Nvidia balance sheet, will continue during the day is important. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration will be monitored during the day. As long as the pricing remains above the 77.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 78.50 and 79.00 levels may be targeted. In possible decreases, as long as the 77.50 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 77.50 and hourly closings for the continuation of the downward desire. In this case, the 77.00 level may come to the agenda. Support: 77.50 Resistance: 79.00