BRNUSD

Oil futures continue to maintain an upward outlook amid supply concerns. Attacks on the pipeline in Russia and uncertainties regarding OPEC+'s potential production increase in April are notable factors in the markets. Additionally, the 4.6 million barrel increase in oil inventories is also a factor limiting prices. Throughout the day, the performance of European and US stock markets can be monitored.

If prices remain above the support level of 76.00 – 76.20, further upward movement is likely. In the case of a potential rise, target levels can be set at 77.00 and 77.50. However, if the support level of 76.00 – 76.20 is broken downward, levels of 75.50 and 75.00 may come into play. Therefore, to continue the downward pressure in the markets, closes below 76.00 should be monitored.