WTIUSD

Oil futures started the new week with a strong rise. The excessive buying experienced during the session faced profit-taking. New measures announced by China to increase demand and the U.S. order for strikes against the Houthis were among the key factors supporting this rise. The performance of European and U.S. stock markets should also be monitored closely throughout the day.

If prices remain above the 67.00 – 67.50 support levels, a bullish outlook may continue. In potential upward movements, target levels can be set at 68.00 and 68.50. However, in the event of a decline, maintaining the 67.00 – 67.50 support level could create new bullish potential.