BRENT
Following the profit taking seen on Friday, oil futures have attempted to recover on the one hand due to the Caixin manufacturing PMI data showing the fastest expansion of manufacturing activity in China in the last three years, and on the other hand due to the political risks intensifying in Europe. The course of European and US stock markets can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 86.06 and a low of 84.44 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 0.44% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 57.21, while its momentum is at 103.30. The 86.12 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 86.80, 87.74 and 88.42 may become important. In possible pullbacks, 85.18, 84.49 and 83.55 will be monitored as support levels. Support: 85.18 – 84.49 Resistance: 86.80 – 87.74