BRNUSD

Oil futures are rising in the Asian session, but yesterday's pullback is preventing new highs. U.S. statements holding Iran responsible for potential attacks on the Houthis and the difficulties of the ceasefire in Ukraine are among the key issues affecting the market. Throughout the day, the performance of European and U.S. stock markets should also be closely monitored.

If prices remain above the support level of 70.50 – 71.00, an upward outlook may continue. Target levels for rises could be 71.50 and 72.00. However, in the case of potential declines, if the 70.50 – 71.00 support is maintained, new upside potential could emerge. It is crucial to monitor movements and hourly closes below 70.50 for continued declines, in which case the 70.00 level may come into focus.