BRNUSD

In the oil markets, a correction movement was observed after the rise caused by Saudi Arabia's price increases for the Asian market and the weakening of the dollar. This situation brought the risk of an expected surplus in 2025 back to the agenda, while political developments have come into focus with Trump's inauguration in the face of production increases outside of OPEC. In general, optimism in the technology sector was noted in Asian markets, while a negative divergence was observed in Chinese markets. The rise in technology stocks in the US and the low dollar can be critical for the course of US and European markets in relation to oil markets.

From a technical perspective, the BRN/USD pair is fluctuating between the levels of 76.00 – 76.50 on the hourly chart. In upward movements, hourly closings above the 76.50 level could target the resistance levels of 77.00 and 77.50. In downward movements, the 76.00 support is a critical threshold to watch; if this support is breached, levels of 75.50 and 75.00 may be seen. The RSI indicator is at 55, showing a slightly positive outlook. The pair has increased by 0.20% compared to the previous day.