BRENT

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BRENT

The International Energy Agency's forecast that there will be a supply deficit in oil in 2024, putting aside the high course of non-OPEC+ production and assuming that OPEC+ implements its production cut decision by the end of the year, continues to support the rise. The course of the US stock markets can be followed throughout the day. In general, an upward trend is seen. Brent oil saw a high of 85.11 and a low of 84.21 on the previous trading day. Brent oil, which followed a buying course on the last trading day, gained 0.2% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 63.78, while its momentum is at 103.49. The 84.73 level can be followed in intraday downward movements. If this level is dropped, the supports at 84.34, 83.83 and 83.44 may become important. In possible increases, 85.24, 85.63 and 86.14 will be monitored as resistance levels. Support: 84.34 - 83.83 Resistance: 85.24 - 86.63