BRNUSD

Oil futures contracts had a very active process after the rise that occurred until yesterday morning hours, but it was suppressed and ended its upward outlook for now. Weak demand expectations regarding China still pose a question mark. The course of European and US stock exchanges can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a high of 85.95 and a low of 84.44 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 0.5% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 47.53, while its momentum is at 97.18. The 85.11 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 85.79 and 86.29 may become important. In possible pullbacks, 84.28, 83.61 and 82.77 will be monitored as support levels. Support: 84.28 – 83.61 Resistance: 85.11 – 85.79