BRENT

Oil futures contracts have been suppressed by speculation that progress has been made in the hostage swap talks in the Middle East, a possible hawkish Fed stance in the face of high inflation in the US, as well as the American Petroleum Institute's announcement of a 4.9 million barrel increase in stocks. The stock figures to be announced by the US Energy Information Administration and the Fed's monetary policy statement can be followed during the day. It is seen that there is a general downtrend. Brent oil, which followed a selling trend on the last trading day, lost 1.92% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 49.95, while its momentum is at 97.26. The 85.92 level can be followed in intraday upward movements. If this level is exceeded, the 86.16, 86.68 and 87.21 resistances may become important. In case of possible pullbacks, 85.70, 85.17 and 84.45 will be monitored as support levels. Support: 85.17 – 84.45 Resistance: 86.16 – 86.68