BRENT

BRENT

Oil futures are stuck in the area where averages are concentrated with gradual declines. The US Energy Information Administration's announcement of a 3.6 million barrel increase in crude oil stocks was effective in this table. The course of European and US stock exchanges and US growth data can be followed during the day. In general, an upward trend is seen. Brent oil saw a high of 86.00 and a low of 84.70 on the previous trading day. Brent oil, which followed a buying course on the last trading day, gained 0.31% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 56.02, while its momentum is at 103.06. The 84.37 level can be followed in intraday downward movements. If this level is dropped, the supports of 83.74, 83.08 and 82.45 may become important. In possible increases, 85.67 and 86.33 will be monitored as resistance levels. Support: 84.37 – 83.74 Resistance: 85.67 – 86.33