WTIUSD

image

WTIUSD

Despite the recovery trend in the Asian session, oil futures maintained their downward trend with yesterday's decline. The American Petroleum Institute announced a 180 thousand barrel increase in stocks yesterday. Today, the stock figures to be announced by the US Energy Information Administration will be followed. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 74.03 and a low of 71.71 on the previous trading day. The 74.05 level can be followed in intraday upward movements. If this level is exceeded, the 74.96, 75.95 and 77.07 resistances may become important. In possible pullbacks, the 72.45, 71.42 and 70.13 support levels will be monitored. Support: 72.45 – 71.42 Resistance: 74.05 – 74.96