BRENT

Oil futures started the week on an uptrend. India's announcement that it would not import from Russia's state-run Sovcomflot PJSC refinery due to concerns about sanctions was closely followed. Since the past few days, we have been talking about the continuation of OPEC+ cuts, Ukraine's drone attacks on Russia and the Middle East agenda. The course of European and US stock markets can be followed during the day. As long as pricing remains at and above the 84.50 - 85.00 support level in the upcoming process, an upward trend may be at the forefront. In possible increases, 86.00 and 86.50 levels can be targeted. In possible decreases, as long as the 84.50 - 85.00 support level remains current, new uptrend potential may occur. Therefore, it may be necessary to see the course below 84.50 and 4-hour closings for the continuation of the downtrend. In this case, 84.00 and 83.50 levels may come to the agenda. Support: 85.00 – 84.50 Resistance: 86.00 – 86.50