BRNUSD

Oil futures continue to trend upward as the Russia-Ukraine conflict raises supply concerns. Ukraine's airstrikes are further exacerbating the situation by causing a decline in Russia's oil refining capacity. Movements in European and U.S. stock markets can be closely monitored throughout the day.

As long as prices remain above the 68.00 support level, an upward outlook may persist. In potential rises, the targets could be the 69.00 and 69.50 levels following the 68.50 resistance. In the event of a decline, the 68.00 support level serves as a significant boundary. To continue the downward trend, movements and hourly closures below 68.00 may need to be observed, with the 67.50 and 67.00 levels potentially coming into play. The critical level of the day: 68.00.