WTIUSD

WTI Crude Oil prices entered a technical correction phase after rising due to Saudi Arabia's fee increase for the Asian market exceeding expectations and the weakening of the dollar. The risk of an anticipated oversupply in 2025, in relation to the increase in production outside OPEC and potential changes from the Trump administration, is an important issue to be monitored. Today, the performance of European and US markets may also have an impact on oil prices.

In the chart, WTI Crude Oil prices are seen testing the resistance at the 73.60 level. Hourly closings above this level may trigger an increase towards 74.00 and 74.50 levels. In the event of possible declines, the 73.00 level should be watched as an important support. Hourly closings below this level could bring the 72.50 and 72.00 levels into focus. The RSI indicator is at 50, showing a neutral trend, with a 0.30% increase in price compared to the previous day.