BRNUSD

Crude oil futures rose on Tuesday, surpassing short-term averages. News regarding Iraq's oil exports, coupled with U.S. sanctions on Iranian oil, provided some relief in the market. However, the potential impacts of Iraq's oil trade and ongoing ceasefire efforts in Ukraine may contribute to price support. Movements in European and U.S. stock markets should also be monitored closely throughout the day.

Maintaining prices above the 74.00 – 74.50 support levels could indicate an upward trend. Potential targets for upward movements could be the 75.00 and 75.50 levels. However, as long as the 74.00 – 74.50 support is held during potential declines, new upward opportunities may arise. Movements and hourly closes below 74.00 should be tracked to continue the downward pressure; in this case, the levels of 73.50 and 73.00 may come into play. Key levels for the day: 74.00 – 74.50.