WTIUSD

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WTIUSD

The International Energy Agency's assumption that OPEC+ will extend its production cut decision until the end of the year, along with the forecast that a supply deficit may occur this year, supports oil prices, while the Middle East and Ukraine - Russia agenda also contributed to this title. The course of European and US stock markets can be followed during the day. On the WTI side, an upward trend parallel to Brent oil is dominant. WTI oil saw its highest level of 81.05 and its lowest level of 79.18 on the previous trading day. The 80.25 level can be followed in intraday downward movements. In case of falling below this level, the supports of 79.44, 78.37 and 77.57 may become important. In possible increases, the resistance levels of 81.31, 82.12 and 83.19 will be monitored. Support: 80.25 - 79.44 Resistance: 81.31 - 82.12