BRNUSD

Oil futures started the new week with a strong rise. However, it was observed that higher purchases during the session faced profit-taking. New measures announced by China to increase consumption and the U.S. order for attacks on the Houthis were among the significant factors supporting this rise. Throughout the day, movements in European and U.S. markets can be closely monitored.

If prices remain above the support level of 70.50 - 71.00, an upward trend may dominate. In anticipated rises, levels of 71.50 and 72.00 can be targeted. In potential declines, as long as the 70.50 - 71.00 support is maintained, a new upward potential may emerge. Movements below 70.50 should be monitored for continued declines.