BRENT

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BRENT

As the process called the driving season in the US begins and travel intensifies, OPEC is expected to meet online on Sunday. Although oil futures started the week with a limited recovery effort, they still have not been able to make an effective recovery from the bottom with the weak demand-plenty supply view. Brent oil saw a high of 82.18 and a low of 80.46 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.86% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 38.93, while its momentum is at 98.05. The 81.51 level can be followed in intraday downward movements. If this level is broken, the supports of 80.84, 79.79 and 79.12 may become important. In possible increases, 82.57, 83.23 and 84.29 will be followed as resistance levels. Support: 81.51 – 80.84 Resistance: 82.57 – 83.23