BRNUSD

Oil prices experienced a brief relief as the U.S. temporarily suspended tariffs on Colombia; however, they remain under pressure due to U.S. production growth expectations and demands on OPEC. Potential negative impacts on global trade and mixed trends in Asian markets increase the downward pressure on oil prices. The course of U.S. and European stock markets throughout the day may guide oil prices.

In the technical outlook, the BRNUSD pair continues to trade below the 77.50 – 78.00 resistance level, and it can be said that downward movements are in the foreground. In potential declines, the levels of 76.50 and 76.00 can be monitored as support. The pair is currently at 76.875, showing a 0.71% decrease compared to the previous day. The RSI indicator exhibits a negative trend. In possible upward movements, the resistance of 77.50 – 78.00 is significant, and closures above 78.00 should be monitored for a more sustained recovery. In this case, upward movements may extend towards the 78.50 level.