BRNUSD

The inventory data released by the U.S. Energy Information Administration is causing volatility in the oil market. The uninterrupted decline in inventories for eight weeks has contributed to oil futures testing their highest levels since July. The slowdown in core inflation in the U.S. and expectations regarding the Fed's interest rate policies are creating a positive atmosphere in the markets, while the trend in European and U.S. stock exchanges may also affect oil pricing.

Technically, Brent crude is trying to stay above the 81.50 – 82.00 support levels. Maintaining these levels could support the continuation of upward movements and target resistance levels of 83.00 and 83.50. However, in the event of possible declines, breaking the 81.50 – 82.00 support and hourly closings may lead to a pullback towards the 81.00 and 80.50 levels. The RSI indicator is below the 50 level, exhibiting a neutral outlook. Oil prices continue to remain under pressure, with a 0.53% drop compared to the previous day.