BRENT

Oil prices, which started the first quarter of the year with a steady increase, showed an effective pullback after the first few days of April. Although OPEC cuts are still seen as the driving force, the volatility that has increased with the increasing tension in the Middle East in the recent period is preventing the stable course for now. The US Senate approved a package that includes aid to Ukraine and Israel and potential sanctions on Iran's petroleum products. The course of European and US stock markets can be followed during the day. In general, an upward trend is seen. Brent oil saw a high of 89.99 and a low of 85.64 on the previous trading day. The daily gain for Brent oil, which followed a buying course on the last trading day, was 0.24%. The RSI indicator for the commodity, which is below its 20-day moving average, is at 46.72, while its momentum is at 96.94. The 87.39 level can be followed in intraday upward movements. If this level is exceeded, the 89.14, 91.74 and 93.49 resistances may become important. In case of possible pullbacks, 84.80, 83.05 and 80.46 will be monitored as support levels. Support: 84.80 – 83.05 Resistance: 87.39 – 89.14