WTIUSD

The unanimous rejection of the ceasefire proposal accepted by Hamas by the Israeli war cabinet and the agreement to attack the city of Rafah have limited the downward movement of oil prices. The course of the European and US stock markets and developments in the Middle East can be followed during the day. As long as the prices remain below the 79.00 - 79.50 resistance supported by the 20-period exponential moving average during the day, a downward outlook may be at the forefront. In possible declines, the levels of 78.00 and 77.50 can be targeted. On the WTI side, a downward trend parallel to Brent oil is also dominant. WTI oil saw a high of 78.83 and a low of 77.72 on the previous trading day. The level of 78.34 can be followed in downward movements during the day. In case of falling below this level, the supports of 77.85, 77.23 and 76.74 may become important. In possible increases, 78.96, 79.45 and 80.07 will be monitored as resistance levels... Support: 78.34 - 77.85 Resistance: 78.96 - 79.45