WTIUSD

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WTIUSD

Oil futures continued to be under pressure, especially with the outlook for weakness in Chinese imports, despite the American Petroleum Institute's announcement of a 4.4 million barrel decrease in inventories. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 81.94 and a low of 80.27 on the previous trading day. The 80.99 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 81.71, 82.66 and 83.38 may become important. In possible pullbacks, 80.05, 79.33 and 78.38 will be monitored as support levels. Support: 80.05 - 79.33 Resistance: 80.99 - 81.71