WTI

Oil prices climbed above averages again with the recovery trend after the squeeze experienced yesterday. Although the American Petroleum Institute announced a decrease of 480 thousand barrels in stocks, since this remained below expectations, we can say that the Middle East agenda is the sustaining force. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the pricing remains above the 72.00 - 72.50 support in the upcoming process, the upward view may be one step ahead. In possible increases, 73.00 and 73.50 levels can be targeted. In possible decreases, as long as the 72.00 - 72.50 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 72.00 and hourly closings for the continuation of the downward desire. In this case, the 71.50 and 71.00 levels may come to the agenda. Support: 71.50 Resistance: 73.50