BRNUSD

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BRNUSD

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. It is seen that there is a general downward trend. Brent oil saw a high of 77.70 and a low of 75.49 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 1.25% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 31.27, while its momentum is at 93.14. The 77.98 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 78.46, 79.68 and 80.67 may become important. In case of possible pullbacks, 75.25, 74.27 and 73.05 will be monitored as support levels. Support: 75.25 – 74.27 Resistance: 77.98 – 78.46