BRNUSD

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BRNUSD

Oil prices followed a relatively calm trend in the Asian session after Israel's attack on Houthi targets in Yemen. This situation created some relief in the market by reducing the impact of the Houthis, who hinder shipments in the Red Sea. However, as the year-end approaches, the weakening of trading volumes and the forecasted supply surplus for next year continue to put pressure on oil prices. The course of European and US stock markets and the inventory figures to be released by the US Energy Information Administration may be decisive for the market's direction during the day.

In the chart, it is observed that oil prices are trading at the 72.805 level. The resistance zone of 73.00 – 73.25 is monitored as an important threshold, and as long as it remains below this level, downward movements may dominate. In declines, the 72.7, 72.4, and 72.0 support levels are monitored. The RSI indicator is at level 54, showing a slightly positive market outlook. A decrease of 0.11% is observed compared to the previous day. The upper resistance levels of 73.7 and 74.0 may be targeted in the event of a possible recovery.

Support :

72.7 - 72.4 - 72

Resistance :

73 - 73.25 - 73.7