WTIUSD

Oil futures have highlighted an upward trend following news that Iran has approved an attack on Israel after the killing of the Hamas leader on its soil. The idea that diplomacy will now be much more difficult to establish after this news of death is dominant. The course of European and US stock markets 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 79.93 and a low of 76.75 on the previous trading day. The 78.44 level can be followed in intraday downward movements. In case of falling below this level, supports at 77.84, 76.66 and 75.56 may become important. In possible increases, resistance levels of 80.13, 81.22 and 83.41 will be monitored. Support: 78.44 – 77.84 Resistance: 80.13 – 81.22