WTIUSD

After the Iranian Foreign Minister gave a positive signal about the Israel-Hamas ceasefire, oil futures started the week with a decline, but we saw that most of the losses were recovered in a short time. While geopolitical risks have been pushing prices up recently, we are watching that the supply-demand balance still supports the potential for downward pressure. The course of European and US stock markets can be followed during the day. As long as pricing remains at and above the 75.50-76.00 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 77.00 and 77.50 levels can be targeted. As long as possible decreases are limited to the 75.50-76.00 support level, new upside potential may occur. Therefore, it may be necessary to see the course below 75.50 and hourly closings for the continuation of the downward desire. In this case, the 75.00 and 74.50 levels may come to the agenda. Support: 75.50 Resistance: 77.50