BRNUSD

Oil futures are rising, fueled by increased concerns over tightening supply following an attack on a station in southern Russia. Ongoing contentious discussions regarding Ukraine are among the factors limiting price increases. Throughout the day, movements in European and U.S. stock markets may also be closely monitored.

As long as prices remain above the support level of 75.50, an upward trend may emerge. In potential rallies, resistance levels of 76.00, followed by 76.50 and 77.00, could be targeted. However, to continue the downward trend, closures below 75.50 should be observed; in this case, the levels of 75.00 and 74.50 could come into play. The critical level for the day is highlighted at 75.50.