BRNUSD

Oil futures began to show an upward trend alongside corrective movements after significant losses. Increasing inventories (3.6 million barrels), OPEC+'s plan to gradually raise production, and speculation about possible easing of sanctions against Russia by the U.S. are among the factors contributing to this pressure. Additionally, Trump's suspension of automotive transactions on tariffs with Canada and Mexico for a month may also contribute to the correction. Throughout the day, the movements of European and U.S. stock markets, as well as oil prices, should be monitored closely.

If prices remain below the 70.00 – 70.50 resistance, a downward outlook may be prominent. In potential declines, levels of 69.00 and 68.50 could be targeted. In case of recoveries, the 70.00 – 70.50 resistance is of critical importance; as long as this level is maintained, new downward potential may arise. To sustain the desire for an upward movement, movements and hourly closes above 70.50 should be observed.