WTIUSD

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WTIUSD

Oil futures continued to be under pressure ahead of the stock figures to be announced by the American Petroleum Institute today due to weak Chinese demand. The course of European and US stock exchanges and stock data 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 80.97 and a low of 78.42 on the previous trading day. The 79.93 level can be followed in intraday upward movements. If this level is exceeded, the 80.72 and 81.47 resistances may become important. In possible pullbacks, 78.38, 77.63 and 76.83 will be monitored as support levels. Support: 78.38 – 77.63 Resistance: 79.93 – 80.72