BRENT

OPEC+'s announcement that it will gradually reduce production cuts starting in October caused pressure on oil futures at the beginning of the week, while declines continued gradually in the Asian session. The course of European and US stock markets and the inventory figures to be announced by the American Petroleum Institute can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a high of 81.60 and a low of 78.08 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 3.97% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 30.26, while its momentum is at 93.93. The 79.27 level can be followed in intraday upward movements. If this level is exceeded, resistances at 80.45, 82.79 and 83.97 may become important. In possible pullbacks, 76.93, 75.75 and 73.41 will be monitored as support levels. Support: 76.93 – 75.75 Resistance: 79.27 – 80.45