BRNUSD

Oil prices are showing a calm trend ahead of today's OPEC+ meetings. Expectations that OPEC+ will postpone the production increase continue to influence the markets. Despite the decrease in commercial oil stocks in the U.S., the increase in production is noteworthy. Additionally, mixed trends in Asian markets and data from the U.S. are causing investors to act cautiously. While the political crisis in South Korea affects Asian markets, statements by Fed Chair Powell are creating pressure on the dollar.

From a technical perspective, the BRNUSD parity is trading near the 72.00 support level. If the decline continues, the 71.50 and 71.00 levels can be followed respectively. In upward recoveries, the 73.00 and 73.50 resistance levels are critically important. For the parity to capture a stronger upward trend, it needs to maintain permanent hourly closures above the 73.50 level. The RSI indicator is at the 41 level, showing a negative trend with a 0.14% decrease compared to the previous day.