WTIUSD

WTIUSD prices remain under pressure with the suspension of tariffs on Colombia by the United States and the expectation that Trump will increase U.S. production. Uncertainties about the future of global trade and OPEC's demands for increased production also negatively impact oil prices. The mixed trend in Asian markets and declines in U.S. indices may also affect WTI prices. Particularly, the high level of the U.S. 10-year bond yield and the dollar index's recovery attempts may increase the pressure on oil.

When examining the WTIUSD chart on the hourly time frame, it is observed that the price is at the level of 73.725. As the price moves close to the support levels of 73.50 and 73.00, the downward trend within the day is noteworthy. In upward movements, resistance levels of 74.50 and 75.00 are in focus. The RSI indicator is at the level of 44 and displays a negative outlook. A 0.59% decline compared to the previous day is observed. As long as the prices do not exceed the 74.50 – 75.00 resistance zone, the downward pressure may continue.