WTI

After Saudi Arabia reduced sales prices, concerns about demand increased further, causing oil prices to experience significant losses. Although we observed a calmer picture in the Asian session, the trend continues below the averages. The course of European and US stock exchanges can be followed during the day. As long as the prices remain below the 71.00 - 71.50 resistance, a downward outlook may be at the forefront in the upcoming period. In possible declines, the 70.50 and 70.00 levels can be targeted. In possible recoveries, the attitude of the 71.00 - 71.50 resistance can be followed. The breakdown of this resistance and possible hourly closings in the region may bring the 72.00 and 72.50 levels to the agenda. As long as the prices remain below the 71.00 - 71.50 resistance in the upcoming period, a downward outlook may be at the forefront. Support: 70.00 Resistance: 71.50