WTIUSD

Following Fed Chairman Powell's cautious statements on interest rates yesterday, oil prices maintained their declines that they have highlighted since the beginning of the week. While the American Petroleum Institute announced a decrease of 1.9 million barrels in stocks, the stock figures to be announced by the US Energy Information Administration will be monitored today. As long as the prices remain at and below the 81.21 - 81.75 resistance, the downward trend may continue. On the WTI side, an upward trend parallel to Brent oil is also dominant. WTI oil saw a high of 81.88 and a low of 80.67 on the previous trading day. The 81.21 level can be followed in intraday upward movements. If this level is exceeded, the 81.75, 82.42 and 82.96 resistances may become important. In possible pullbacks, the 80.54, 80.00 and 79.33 support levels will be monitored. Support: 80.54 - 80.00 Resistance: 81.21 - 81.75