WTIUSD

Oil futures rose with the theme of geopolitical risk, then were subject to profit taking and retreated to the average area. The American Petroleum Institute's announcement of a decrease of over 6 million barrels in stocks seems to have only been effective in balancing this picture. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. A downward trend parallel to Brent oil also prevails on the WTI side. WTI oil saw a high of 80.41 and a low of 78.83 on the previous trading day. The 79.44 level can be followed in intraday upward movements. If this level is exceeded, the 80.06, 81.03 and 81.65 resistances may become important. In possible pullbacks, 78.48, 77.86 and 76.89 will be monitored as support levels. Support: 78.48 - 77.86 Resistance: 79.44 - 80.06