WTI

Following the disruption of Red Sea shipments and the fact that some ships began to prefer longer routes, rising oil prices were subject to profit taking again yesterday, testing the limit of the trend we have indicated in the chart. The US Energy Information Administration's announcement of a 2.9 million barrel increase in stocks also supported this picture. The course of European and US stock exchanges and the data flow on the US side can be followed during the day. In the upcoming period, pricing and hourly closings that may occur outside the 73.50 - 74.00 region where the averages are concentrated may clarify the search for direction. The desire for an increase may come to the fore with the course and hourly closings above 74.00. In this case, the levels of 74.50 and 75.00 can be targeted. In possible declines, the attitude of the 73.50 support can be followed. The breakdown of this support and hourly closings that may occur in the region may bring the levels of 73.00 and 72.50 to the agenda. Support: 73.50 Resistance: 75.00