WTIUSD

Oil prices have attempted to recover from support areas after the decline that occurred yesterday. Throughout the week, we have been following the mutual effects of the weak demand outlook with the speculation that OPEC+ will extend the production cut decision to the second quarter. As long as the prices remain above the 78.00 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 79.00 and 79.50 levels may be targeted. In possible decreases, as long as the 78.00 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 78.00 and hourly closings for the continuation of the downward desire. In this case, the 77.50 level may come to the agenda. As long as the prices remain above the 78.00 support in the upcoming period, an upward outlook may be at the forefront. Support: 77.50 Resistance: 79.50