WTIUSD

Oil futures continued their downtrend amid speculation that more progress has been made on a possible ceasefire between Israel and Hamas. We will be following the course of European and US stock markets and the Middle East agenda during the day. Efforts to fall below the averages are being monitored. As long as price movements can hold below the 83.00 resistance, the downward trend may be one step ahead. In possible declines, 82.00 and 81.50 levels may be targeted. On the WTI side, a downtrend parallel to Brent oil prevails. WTI oil saw a high of 83.63 and a low of 82.18 on the previous trading day. In intraday upward movements, the 82.78 level may be followed. If this level is exceeded, the 83.37, 84.22 and 84.82 resistances may become important. In possible pullbacks, 81.92, 81.33 and 80.47 will be monitored as support levels. Support: 81.92 – 81.33 Resistance: 83.37 – 84.22