WTIUSD

WTI crude oil prices are trending downward due to the strengthening dollar post-Fed, weak demand expectations from China, and forecasts of increased production outside of OPEC+. Throughout the day, the PCE inflation data, which can influence the dollar alongside the performance of European and US stock markets, is being closely monitored. This may lead to a volatile pattern in oil prices. Particularly, the cautiously positive trend in Asian markets and Japan's inflation data are being closely watched amid global economic uncertainties.

Technically, when examining the WTIUSD chart on an hourly timeframe, it is seen that prices are trading at the 68.865 level. As long as prices remain below the 69.4 - 69.7 resistance zone, it can be said that the downward pressure may continue. In such a scenario, the 68.5 and 68.0 support levels may emerge as potential targets. The RSI indicator is at the 45 level, displaying a negative trend. There has been a 0.23% decline compared to the previous day, indicating a potential short-term weakness in prices.