BRNUSD

Oil futures continue to display a downward trend following the decline observed the previous day. The increase of 3.46 million barrels in U.S. inventories and the effects of Trump are among the main reasons for the pressure on the market. Throughout the day, the performance of European and U.S. stock markets can also be closely monitored.

If prices remain below the resistance levels of 76.00 - 76.50, it is likely that the downward trend will persist. In the event of a potential decline, the levels of 75.00 and 74.50 may be considered. If the market shows signs of recovery, maintaining the resistance levels of 76.00 - 76.50 could increase the potential for further declines. For an uptrend, it is crucial to see daily closes above the 76.50 level; in that case, the levels of 77.00 and 77.50 may come into play. The critical level of the day: 76.00 - 76.50.