WTIUSD

Oil prices are following a calmer course after the OPEC+ decision to extend the cut and the movement created by the headlines of weakness in the global economy led by China. The American Petroleum Institute announced an increase of over 400 thousand barrels in stocks, creating some pressure on prices. Today, it will be watched whether the US Energy Information Administration will confirm this increase. As long as the pricing remains at and below the 78.50 - 79.00 resistance in the upcoming process, the downward outlook may be one step ahead. In possible declines, the 78.00 and 77.50 levels may be targeted. As long as possible recoveries are limited by the 78.50 - 79.00 resistance, 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 desire. In this case, the 79.50 and 80.00 levels may come to the agenda. Support: 78.00 - 77.50 Resistance: 79.00 - 79.50