BRNUSD

image

BRNUSD

Oil futures consolidated their gains with the support provided by the US Energy Information Administration's announcement of a 3.7 million barrel decrease in stocks, as well as the Iran-Israel tensions. The course of European and US stock markets can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 78.62 and a low of 75.80 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 2.66% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 40.37, while its momentum is at 96.05. The 78.56 level can be followed in intraday downward movements. If this level is broken, the supports of 77.51, 76.74 and 75.69 may become important. In possible increases, 79.83, 80.98 and 82.14 will be monitored as resistance levels. Support: 78.56 – 77.51 Resistance: 79.83 – 80.98