WTIUSD

image

WTIUSD

Oil futures continue to move above averages with gradual increases, but they are following a calm attitude. While geopolitical risk remains high, US inflation data and the OPEC monthly report will be monitored today. As long as pricing remains at and above the 76.00-76.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 77.50 and 78.00 levels may be targeted. As long as possible decreases are limited to the 76.00-76.50 support, new upside potential may occur. Therefore, it may be necessary to see the course below 76.00 and hourly closings for the continuation of the downward desire. In this case, 75.50 and 75.00 levels may come to the agenda. Support: 76.00 Resistance: 78.00