WTIUSD

Crude oil futures showed recovery due to Trump's policies aimed at zeroing Iran's oil exports and the cautious progress in tariff negotiations between the U.S. and China. This situation increased risk appetite in the markets. However, decisions on tariffs against China and OPEC+'s plans to increase production in the second quarter are among the factors putting pressure on the market. The American Petroleum Institute's report of a 5 million barrel increase in stocks has also influenced this situation. Throughout the day, movements in European and U.S. stock markets and the stock data to be announced by the U.S. Energy Information Administration can be monitored.

As long as prices remain below the 73.00 – 73.50 resistance, a downward outlook may be prominent. In possible declines, levels of 72.00 and 71.50 can be targeted. In case of recovery, the 73.00 – 73.50 resistance is of critical importance. For a continuation of the upward trend, a sustained movement above this level and four-hour closures should be observed. In this case, levels of 74.00 and 74.50 may come into play. The key levels for the day have been set at 73.00 – 73.50.