BRNUSD

Oil futures showed an upward trend during the Asian session. Although pressures on Venezuela and Iran have an impact, other developments affecting oil dynamics continue to have the potential to exert pressure on prices. The tariff agenda and OPEC+'s production increase plans are among the prominent factors in this process. Throughout the day, movements in European and US stock markets should be closely monitored.

If prices occur in the range of 70.00 – 70.50, the search for direction may become clearer. Closings below the 70.00 level could increase the desire for a decline, with 69.50 and 69.00 levels as potential targets. In potential recoveries, the status of the 70.50 resistance will be critical; surpassing this resistance could bring 71.00 and 71.50 levels into focus. Key levels for the day: 70.00 – 70.50.