BRENT

Following Fed Chairman Powell's cautious statements on interest rates yesterday, oil prices maintained their declines that they had 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. It is seen that there is a general upward trend. Brent oil saw a high of 85.53 and a low of 84.20 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.96% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 50.37, while its momentum is at 100.31. The 85.34 level can be followed in intraday upward movements. If this level is exceeded, the 86.10 and 86.67 resistances may become important. In case of possible pullbacks, 84.02, 83.45 and 82.69 will be monitored as support levels. Support: 84.02 – 83.45 Resistance: 85.34 – 86.10