WTIUSD

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WTIUSD

Oil futures found support from data showing that crude oil stocks in the US continued to decline for the third week. The statement that the fires in Canada reduced the country's oil production by approximately 400 thousand barrels per day also supported this picture. The decline in the dollar index also contributed to this effect. The course of European and US stock exchanges can be followed during the day. On the WTI side, an upward trend parallel to Brent oil is dominant. WTI oil saw a high of 82.62 and a low of 80.44 on the previous trading day. The 80.88 level can be followed in intraday downward movements. In case of falling below this level, supports at 80.14, 78.69 and 77.95 may become important. In possible increases, resistance levels of 82.33, 83.07 and 84.51 will be monitored. Support: 80.88 - 80.14 Resistance: 82.33 - 83.07