WTIUSD

The oil futures contract started to recover after the US Energy Information Administration announced a 1.4 million barrel decrease in stocks, contributing to the testing of the highest levels since May 3 in the Asian session. While the Middle East developments are still being closely monitored, the course of European and US stock markets can be followed during the day. WTI oil saw a highest of 78.93 and a lowest of 76.71 levels on the previous trading day. The decline that started from the lower region of the downward channel ensured that the upper limit of the channel was broken with yesterday's increase. During the day, pricing continues in areas supported by 13 and 20-period exponential moving averages. The 78.18 level can be followed in intraday downward movements. In case of falling below this level, the supports of 77.42, 75.96 and 75.20 may become important. In possible increases, 79.64, 80.40 and 81.86 will be watched as resistance levels. . Support: 78.18 – 77.42 Resistance: 79.64 – 80.40