WTIUSD

With the recent decline in US crude oil stocks and the strengthening expectations that the Fed will cut interest rates this year, oil prices have shown some recovery. The course of US stock markets can be followed throughout the day. As long as prices move in the 78.50 - 79.00 region supported by the 20 and 50-period exponential moving average, the decision-making phase scenario may be valid. 4-hour closings outside the region can be followed for direction. In order for the positive trend to stand out, resistances at 79.50 and 80.00 may be encountered with a possible persistence above the 79.00 level. In case of persistent pricing below the 78.50 level for the negative expectation to stand out, supports at 78.00 and 77.50 may come to the agenda. Support: 78.00 - 77.50 Resistance: 79.50 - 80.00