BRENT

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BRENT

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. It is seen that there is a general downward trend. Brent oil saw a high of 82.96 and a low of 81.87 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 1.18% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 44.96, while its momentum is at 98.75. The 82.57 level can be followed in intraday downward movements. If this level is dropped, the supports of 82.17, 81.48 and 81.08 may become important. In possible increases, 83.26, 83.66 and 84.36 will be monitored as resistance levels. Support: 82.17 – 81.48 Resistance: 83.26 – 83.66