WTIUSD

WTIUSD

Oil futures contracts have been suppressed by the impact of the American Petroleum Institute's announcement of a 2.48 million barrel increase in stocks. The course of European and US stock exchanges and whether the official stock figures to be announced by the US Energy Information Administration will confirm this increase will be monitored during the day. The upward effort has once again been blocked by the 79.50 - 80.00 resistance. Therefore, for now, we will be monitoring the effectiveness of this resistance instead of following the average. As long as pricing remains at and below the 79.50 - 80.00 resistance during the day, a downward outlook may be at the forefront. In possible declines, 78.50 and 78.00 levels may be targeted. In recoveries, as long as the 79.50 - 80.00 resistance remains current, new downward potential may occur. Therefore, for the continuation of the upward desire, it may be necessary to see the course above 80.00 and 4-hour closings. In this case, 80.50 and 81.00 levels may come to the agenda. Support: 77.50 – 77.00 Resistance: 78.50 – 79.00