WTIUSD

With the increasing tension between Israel and Egypt, oil futures continued to rise and climbed above the averages. The course of European and US stock markets can be followed with the news flow that may come from the region during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 78.65 and a low of 77.59 on the previous trading day. The 78.26 level can be followed in intraday downward movements. In case of falling below this level, the supports of 77.87, 77.21 and 76.82 may become important. In possible increases, the resistance levels of 78.93, 79.31 and 79.98 will be monitored. Support: 77.87 – 77.21 Resistance: 78.93 – 79.31