WTIUSD

WTI crude oil prices continue their downward trend due to the announcement of stock increases by the American Petroleum Institute and uncertainties regarding Trump policies. The performance of European and US stock markets, along with the stock data to be announced by the US Energy Information Administration, could be decisive for the direction of oil prices. Although China's supportive steps towards its stock markets have created a near-positive trend in Asian indexes, economic data from the US and Trump's statements on tariffs are increasing uncertainty in oil prices.

From a technical perspective, WTI crude oil prices are trading below the 75.50 - 76.00 resistance level, indicating that downward pressure may continue. In potential declines, the levels of 74.50 and 74.00 can be monitored as support. On the chart, the RSI indicator is exhibiting a neutral appearance at the level of 48. The price is trading at 75.045, recording a decrease of 0.03% compared to the previous day. In upward movements, if the price moves above the 76.00 level, the 76.50 resistance could come into play.