WTIUSD

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WTIUSD

WTI oil prices are exhibiting a calmer trend following the previous day's rise due to increased geopolitical risks. The United States' support for Ukraine and the rising tensions in the region are among the determining factors in oil pricing. In a global market environment where Asian indices are trending positively, U.S. interest rate policy and fluctuations in bond yields continue to impact the oil market. The weakening of the dollar index also stands out as a supportive factor for oil prices.

In the chart, when examining WTI oil prices on an hourly timeframe, it is trading close to the 69.00 resistance level. In upward movements, the levels of 69.50 and 70.00 can be observed as resistance. In downward relaxations, the levels of 68.50 and 68.00 stand out as support. The RSI indicator is at the 60 level, showing a positive trend. A 0.13% rise in prices is observed compared to the previous day. This technical outlook may indicate that the upward potential of the prices is maintained.

Support :

69 - 68.5 - 68

Resistance :

69.5 - 70 - 70.5