BRNUSD

Oil futures started the first trading day of the week with a decline due to the potential for a ceasefire between Russia and Ukraine, the U.S. postponing tariffs, and expectations that exports from northern Iraq, which have been suspended for two years, may resume. Throughout the day, the performance of European and U.S. stock markets could be closely monitored.

If pricing remains below the resistance levels of 75.00 – 75.50, a downward trend may emerge. In the event of a decline, levels of 74.50 and 74.00 may be targeted. If recoveries occur, maintaining the resistance levels of 75.00 – 75.50 could create new downward potential. For continued upward movement, it is important to observe movements and hourly closures above 75.50; in this case, levels of 76.00 and 76.50 may come into play. The key level of the day: 75.00 – 75.50.