WTIUSD

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WTIUSD

Oil futures fell sharply yesterday after the US Energy Information Administration announced a 12 million barrel increase in stocks, overshadowing all other headlines. Even Israel's decision not to send delegates to Cairo for ceasefire talks has been overshadowed by this picture. The course of European and US stock markets and the data flow on the US side can be followed during the day. As long as pricing remains below the 76.50 - 77.00 resistance in the upcoming process, a downward outlook may be at the forefront. In possible declines, 75.50 and 75.00 levels may be targeted. As long as possible recoveries are limited by the 76.50 - 77.00 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 77.00 and hourly closings for the continuation of the upward desire. In this case, 77.50 and 78.00 levels may come to the agenda. Support: 75.00 Resistance: 77.00