WTIUSD

Oil futures continue to show a downward trend following the decline recorded the previous day. A 3.46 million barrel increase in U.S. stocks and the pressures caused by Trump's influence are among the main factors affecting this situation. Throughout the day, the performance of European and U.S. stock markets may be closely monitored.

If prices remain below the resistance levels of 73.00 – 73.50, a continuation of the downward trend is expected. Should prices decline, the 72.00 and 71.50 levels may be considered potential targets. In the event of possible recoveries, new decline opportunities may arise if the resistance levels of 73.00 – 73.50 remain valid. To sustain the upward momentum, closing prices above 73.50 should be observed; in this case, the levels of 74.00 and 74.50 could also come into play. The critical level for the day has been determined as 73.00 – 73.50.