BRNUSD

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BRNUSD

Concerns about the U.S. imposing tariffs on metals such as steel, copper, and aluminum are among the significant factors affecting oil prices. While statements by Trump and Treasury Secretary Bessent regarding universal tariffs create uncertainty in the market, the dollar is seen gaining value with these developments. The launch of more cost-effective artificial intelligence models in China is impacting the performance of U.S. tech companies. This situation could lead to market movements that might indirectly affect oil prices.

Technically, the BRNUSD pair is trading at the 76.545 level on the daily chart, recording a 0.87% increase. In the upward movement of the pair, resistance levels at 77 and 77.5 could be monitored. However, as long as these resistance levels are not surpassed, downward pressure may continue. In downward movements, the support levels of 76, 75.5, and 75 should be carefully followed. The RSI indicator demonstrates a neutral appearance, hovering near the 50 level, indicating an indecisive trend for the pair.

Support :

76 - 75.5 - 75

Resistance :

77 - 77.5 - 78