BRENT

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BRENT

While markets await the Fed statement to be made in the middle of the week, oil futures continued to remain within last week's band. The course of European and US stock exchanges can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 80.22 and a low of 79.22 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 0.55% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 39.70, while its momentum is at 97.45. The 79.99 level can be followed in intraday upward movements. If this level is exceeded, the 80.61 and 80.99 resistances may become important. In possible pullbacks, 78.98, 78.60 and 77.98 will be monitored as support levels. Support: 78.98 - 78.60 Resistance: 79.99 - 80.61