WTIUSD

Oil futures continue to maintain an upward trend due to tightening supply caused by U.S. sanctions on Iran and Russia's weak production situation. Throughout the day, the movements of European and U.S. stock markets, along with Fed Chair Powell's speech in the Senate, are developments that need to be closely monitored.

If prices remain above the support levels of 71.50 – 72.00, an upward outlook may be possible. In potential rises, the target levels will be 73.00 and 73.50. Conversely, if prices fall below the 71.50 – 72.00 support, a new downward potential may arise. In this scenario, levels of 71.00 and 70.50 will become significant points to watch. The critical support level for the day stands out in the range of 71.50 – 72.00.