BRNUSD

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BRNUSD

Oil futures have shown an upward trend from the lowest levels seen since January-February due to the recovery efforts in stock markets. In addition to Asian indices and US stock exchanges that have shown an effort to recover after yesterday's sharp decline, the halt in production in Sharara, Libya's largest oil production field, due to internal conflicts, has also been effective in this picture. Brent oil saw a high of 77.30 and a low of 74.94 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.16% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 33.53, while its momentum is at 91.97. The 76.48 level can be followed in intraday downward movements. If this level is dropped, the supports of 75.66, 74.12 and 73.30 may become important. In possible increases, the resistance levels of 78.03, 78.85 and 80.39 will be monitored. Support: 76.48 – 75.66 Resistance: 78.03 – 78.85