BRENT

Despite the US Energy Information Administration announcing a 6.4 million barrel decrease in stocks, oil futures contracts were content to follow a balanced course. The course of European and US stock markets and the US Q1 growth data can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a highest level of 87.74 and a lowest level of 86.71 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 0.43% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 49.74, while its momentum is at 96.59. The 87.18 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 87.65, 88.21 and 88.68 may become important. In possible pullbacks, 86.61, 86.15 and 85.58 will be monitored as support levels. Support: 86.61 – 86.15 Resistance: 87.65 – 88.21