BRNUSD

Oil futures continue to display a downward trend as expectations of a global supply surplus resurface. Tariff implementations and uncertainties regarding global trade volume, combined with the possibility of lifting sanctions on Russia, have become two main factors influencing market declines. Daily movements in European and US stock markets, as well as US growth data, should be closely monitored.

As long as prices remain below the 72.50 – 73.00 resistance level, a continuation of the downward trend is likely. In the event of a decline, levels of 71.50 and 71.00 may be targeted. Additionally, as long as the price stays within the 72.50 – 73.00 resistance range, new downward potential could emerge. To sustain upward momentum, closing above 73.00 is critical; in this case, levels of 73.50 and 74.00 may come into play.