BRENT

image

BRENT

While oil futures were suppressed after the American Petroleum Institute announced an increase of over 3 million barrels in stocks, we observed that the downward view formed by yesterday's decline was maintained in the Asian session. During the day, US inflation data and stock figures to be announced by the US Energy Information Administration can be followed. As long as pricing remains at and below the 89.50 - 90.00 resistance level in the upcoming period, the downward view may be at the forefront. In possible declines, 89.00 and 88.50 levels can be targeted. In possible recoveries, as long as the 89.50 - 90.00 resistance level remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 90.00 and hourly closings for the continuation of the upward desire. In this case, 90.50 and 91.00 levels may be on the agenda. Support: 89.00 - 88.50 Resistance: 90.50 - 91.00