WTIUSD

Although the downward trend in oil was limited by the American Petroleum Institute's announcement of a 3.9 million barrel decrease in inventories, the overall subdued outlook is maintained with the weak demand outlook from China. If the decline is confirmed in the inventory data to be announced by the US Energy Information Administration today, this will indicate a decline for the third week in a row. In addition to the inventory data, leading manufacturing and service PMI data from Europe and the US can be monitored. On the WTI side, a downward trend parallel to Brent oil is also dominant. WTI oil saw a high of 79.51 and a low of 77.22 on the previous trading day. The 78.43 level can be followed in intraday upward movements. If this level is exceeded, the 79.11 and 80.21 resistances may become important. In possible pullbacks, 77.14, 76.44 and 73.86 will be monitored as support levels. Support: 77.14 - 76.44 Resistance: 78.43 - 79.11