BRENT

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. In general, an upward trend is seen. Brent oil saw a high of 86.71 and a low of 84.92 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 1.93% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 63.18, while its momentum is at 105.63. The 86.04 level can be followed in intraday downward movements. If this level is broken, supports at 85.38, 84.26, and 83.60 may become important. In possible increases, resistance levels at 87.16, 87.82, and 88.94 will be monitored. Support: 86.04 – 85.38 Resistance: 87.16 – 87.82