BRENT

The oil futures contract showed a tendency to retreat from the highest levels it has seen in more than two months yesterday. After the American Petroleum Institute announced a decrease of over 9 million barrels in stocks, this decrease was balanced and the trend was maintained. The course of the European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 87.24 and a low of 86.00 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.13% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 62.52, while its momentum is at 105.04. The 87.54 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 88.08, 88.78 and 89.32 may become important. In case of possible pullbacks, 85.84, 85.30 and 84.60 will be monitored as support levels. Support: 85.84 – 85.30 Resistance: 87.54 – 88.08