WTIUSD

After the inflation and credit statistics announced yesterday in China indicated that demand had not yet revived despite the measures taken in the country, oil futures contracts started the week with a decline. The course of European and US stock markets can be followed during the day. We are following the course below the averages again. As long as the pricing remains below the 78.00 - 78.50 resistance supported by the 13 and 20-period exponential moving averages during the day, a downward outlook may be at the forefront. In possible declines, 77.00 and 76.50 levels can be targeted. In recoveries, as long as the 78.00 - 78.50 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 78.50 and 4-hour closings for the continuation of the upward demand. In this case, 79.00 and 79.50 levels may come to the agenda Support: 77.00 - 76.50 Resistance: 79.00 - 79.50