BRNUSD

Oil futures are testing their lowest levels since the first half of June with a weakening demand outlook. The course of European and US stock markets and the inventory figures to be announced by the American Petroleum Institute can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 80.83 and a low of 78.63 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.82% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 31.82, while its momentum is at 92.95. The 80.52 level can be followed in intraday upward movements. If this level is exceeded, resistances at 81.40, 82.71 and 83.59 may become important. In possible pullbacks, 78.71, 77.82 and 77.01 will be monitored as support levels. Support: 78.71 – 77.82 Resistance: 80.52 – 81.40