WTIUSD
WTI crude oil prices are attempting to recover with U.S. President Donald Trump's new tariff decisions on Canada and Mexico. Trump's decision to impose a 25% tariff on these two countries has caused movement in the oil markets. However, the absence of additional tariffs on China has led to cautious sentiment in the markets. These developments could be decisive for the trade relations between the U.S. and these countries and oil prices.
From a technical perspective, prices in the WTIUSD chart continue to remain below the 77.00 - 77.50 resistance levels. This situation supports the outlook for potential downward movements. In potential declines, the levels of 76.50 and 76.00 stand out as support levels to watch. The RSI indicator is at the 50 level, showing a neutral trend. A 0.58% increase is observed compared to the previous day, which may indicate short-term recovery signals. However, for upward movements to continue, we may need to see hourly closings above the 77.50 level.
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