BRENT

Oil prices started the week with a limited decline due to the resumption of operations at Libya’s largest production site after a 3-week hiatus. However, the disruption of shipments in the Red Sea and Israel’s rejection of the hostage swap offer are still causing tensions in the region. The course of European and US stock markets can be followed during the day. As long as pricing remains below the 78.50 – 79.00 resistance in the upcoming period, the downward trend may be one step ahead. In possible declines, the 78.00 and 77.50 levels may be targeted. In possible recoveries, as long as the 78.50 – 79.00 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 79.00 and hourly closings for the continuation of the upward trend. In this case, the 79.50 and 80.00 levels may be on the agenda. As long as pricing remains below the 78.50 – 79.00 resistance in the upcoming period, the downward trend may be one step ahead. Support: 77.50 Resistance: 79.50