WTIUSD

Oil futures continued to be under pressure as concerns about Chinese demand overshadowed the three-week decline in US stocks. The course of European and US stock markets and US Q2 growth 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 78.92 and a low of 77.73 on the previous trading day. The 78.30 level can be followed in intraday upward movements. If this level is exceeded, resistances at 78.86, 78.48 and 79.05 may become important. In possible pullbacks, support levels at 76.68, 76.11 and 75.49 will be monitored. Support: 76.68 – 76.11 Resistance: 78.30 – 78.86