WTIUSD

WTI crude oil continues to maintain its gains ahead of stimulus news from China and U.S. inventory data. The Chinese government's provision of bond flexibility to local governments and keeping interest rates steady are factors positively affecting the oil markets. In the U.S., crude oil inventories are expected to decline for the fifth consecutive week, which is creating upward pressure on oil prices. The recovery of Asian indices post-holiday and the weakening of the dollar index are also supporting oil prices.

When examining the WTIUSD chart on a 4-hour time frame, it can be observed that the price continues to stay above the 70.00 support level. In upward movements, 70.50, 71.00, and 71.50 resistance levels stand out as important areas to watch. If the price decreases, the levels of 69.70, 69.40, and 69.00 can be monitored as potential support points. The RSI indicator is at level 55, displaying a slightly positive trend. The price showing a 0.19% increase compared to the previous day indicates the potential continuation of the upward movements.