WTIUSD

Oil futures are showing a recovery trend as markets monitor whether tariffs will be applied to Canada and Mexico. While Trump has reiterated his intention to implement his plan, it remains uncertain whether oil will be exempt from this process.

If prices remain above the 73.00 support level, an upward outlook may be possible. In potential rises, the 74.00 and 74.50 levels can be targeted. However, as long as the 73.00 support holds, a new upward potential could emerge during declines. Therefore, it is essential to track movements and hourly closures below 73.00 to maintain the downward pressure. In such a scenario, the levels of 72.50 and 72.00 may also come into play. The critical level for the day has been set at 73.00.