WTIUSD

Oil futures contracts started the new week with a recovery effort after the decline on Friday. While uncertainty increases with Biden's withdrawal from candidacy, the process of determining the Democratic candidate will be followed. Throughout the week, we will continue to follow production and inventory figures within the important data flow in the US. An upward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 81.20 and a low of 79.55 on the previous trading day. The 80.55 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 81.11, 81.82 and 82.45 may become important. In possible pullbacks, 79.47, 78.84 and 78.12 will be monitored as support levels. Support: 79.47 - 78.84 Resistance: 80.55 - 81.11