WTI

Oil prices fell below averages again yesterday due to the pressure. While the attacks of the US and UK against the Houthis decreased, we saw that the data came in weaker than expected in China despite the base effect. Industrial production increased slightly above expectations. While the 4th quarter growth in the country was 5.2% on an annual basis, retail sales were 7.4%, below expectations (7.9%). The course of European and US stock markets can be followed during the day. As long as the pricing remains at and below the 72.00 - 72.50 resistance in the upcoming period, the downward trend may be one step ahead. In possible declines, the 71.50 and 71.00 levels can be targeted. In possible recoveries, as long as the 72.00 - 72.50 resistance remains current, a new downward potential may occur. Therefore, it may be necessary to see the course above 72.50 and hourly closings for the continuation of the upward desire. In this case, the 73.00 and 73.50 levels may come to the agenda. Support: 71.00 Resistance: 73.00