WTIUSD

WTI oil prices continue to fluctuate with U.S. President Trump's announcement of new tariff implementations on industrial metals and Treasury Secretary Bessent's supportive statements regarding universal tariffs on imports. These developments create uncertainty over the global economic outlook and exert pressure on oil prices. Additionally, the volatile course of the U.S. and Asian stock markets can impact the direction of oil prices. The appreciation of the dollar increases the downside risks for oil prices.

From a technical perspective, WTI oil prices are trading at 73.225 on the daily chart, showing a 0.8% increase compared to the previous day. If the price remains below the resistance zones of 74.00 and 74.50, it may face downward pressure. In this case, potential pullbacks could be followed by support levels at 73.00, 72.50, and 72.00. The RSI indicator is displaying a neutral trend. For an upward movement to continue, hourly closings above the 74.50 level are necessary, which could bring the 75.00 resistance into focus.