BRNUSD

The oil futures market is experiencing fluctuations as it evaluates the impacts of Trump's tariff plans. Reports indicate that Trump is determined to impose a 25% tariff on Canada and Mexico, while new tariffs on China are also on the agenda. The significant headline of the day will be the Fed's monetary policy statement.

As long as prices remain below the 76.50 – 77.00 resistance, a downward outlook may be prominent. In case of potential declines, the 76.00 and 75.50 levels could be targeted. Additionally, if there is a recovery, new downside potential could arise as long as the 76.50 – 77.00 resistance is not broken. For a continued upward trend, a sustained movement and hourly closes above 77.00 should be observed. In that case, the 77.50 and 78.00 levels may come into play. The critical levels of the day have been set at 76.50 – 77.00.