WTIUSD

WTI oil prices are shaped by developments in the Middle East and U.S. energy stock data. The tension between Israel and Lebanon supports the upward movement of oil prices, while the U.S. Energy Information Administration's news of stock increases seems to have limited this effect to yesterday. The weakening of the Yen following elections in Japan and the positive trend in Asian markets also impact the general economic outlook. Employment data to be announced this week in the U.S. and inflation data in the European zone are also being closely followed in the markets.

Technically, WTI oil prices are trading at the 68.777 level on the daily chart. Currently, it is expected that the price may find support at the levels of 68, 67.5, and 67, while potential upward movements are monitored at the resistance levels of 69, 69.5, and 70. The RSI indicator shows a negative outlook with a 4.61% decline, indicating that selling pressure may continue in the short term. Staying above support levels could be important for possible recovery moves.