WTIUSD

image

WTIUSD

Crude oil futures continue to be under pressure amid developments related to Trump and OPEC+. Following yesterday's correction, selling activity has come back into focus. Key issues drawing investors' attention include OPEC+'s plan to increase production in April and reports that the U.S. may ease sanctions on Russia. Additionally, Trump's tariffs create uncertainty in global trade, putting pressure on the markets. The American Petroleum Institute's announcement of a 1.45 million barrel decline in stocks did not change the situation.

As long as prices remain below the 68.00 – 68.50 resistance, the downward trend may continue. Possible declines may target the 67.00 and 66.50 levels. For upward movements to be sustained, it is crucial to see closes above 68.50; in that case, the 69.00 and 69.50 levels could come into play. The key levels of the day: 68.00 – 68.50.

Support :

67 - 66.5 - 66

Resistance :

68 - 68.5 - 69