BRNUSD

Oil futures have come under pressure as oil stocks in the US continue to rise, despite ongoing Iran-Israel tensions. The course of European and US stock markets and developments in the Middle East can be monitored during the day. As long as prices remain below the 80.50-81.00 resistance, the downside outlook may gain weight and declines towards the 79.50 and 79.00 levels may be seen. If recoveries remain limited to the 80.50-81.00 resistance, a new downside potential may emerge. For the continuation of the rise, a course above the 81.00 level and 4-hour closings are required, in which case the 81.50 and 82.00 levels can be targeted.