BRENT

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 exchanges can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 84.26 and a low of 82.50 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 1.68% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 35.69, while its momentum is at 94.75. The 83.09 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 83.68, 84.85 and 85.44 may become important. In case of possible pullbacks, 81.92, 81.33 and 80.16 will be monitored as support levels. Support: 81.92 – 81.33 Resistance: 83.68 – 84.85