BRNUSD

Oil futures exhibited a calm trend during the Asian session following yesterday's rise. The potential for retaliation by Canada and Europe after Trump's tariffs negatively impacted investors' risk appetite. However, the U.S. Energy Information Administration's announcement of a 1.4 million barrel increase in stocks supported prices. Throughout the day, the performance of European and U.S. markets may be closely monitored.

As long as prices remain above the support level of 70.30 – 70.70, the upward trend may continue. In case of potential increases, the target levels could be 71.50 and 72.00. In the event of a decline, maintaining the 70.30 – 70.70 support could create new upward potential. To sustain bearish sentiment, closures below 70.30 should be observed; in that case, levels of 70.00 and 69.50 could come into play. Critical levels for the day: 70.30 – 70.70.