WTIUSD

image

WTIUSD

Oil futures maintained their upward trend due to rising tensions in the Middle East, concerns that hurricane season could affect production, and expectations that demand would increase during the July 4 holiday week. 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. As long as prices remain at and above the 82.00-82.50 support, an upward outlook may be at the forefront. In possible increases, 84.00 and 84.50 levels may be targeted. As long as possible declines are limited to the 82.00-82.50 support, new upside potential may occur. Therefore, it may be necessary to see the course below 82.00 and hourly closings for the continuation of the downward desire. In this case, 81.50 and 81.00 levels may come to the agenda. Support: 82.50-82.00 Resistance: 84.00-84.50