BRNUSD

Oil futures are showing signs of recovery while uncertainty remains over whether tariffs will be applied to Canada and Mexico. Trump has stated he will continue to implement his plan, but there is no clarity on the circumstances under which oil would be exempt.

If prices remain above the support level of 76.00, an upward trend can be expected to continue. In the case of potential increases, levels of 77.00 and 77.50 could be targeted. However, if prices fall below the support level of 76.00, levels of 75.50 and 75.00 may come into play. Therefore, movements and hourly closes below 76.00 should be closely monitored for bearish expectations. The critical level for the day has been set at 76.00.