BRENT

Fed Chairman Powell said on Tuesday that "restrictive policy will likely remain in place until inflation is sustainably directed toward 2%." This situation seems to have left room for some suppression of energy prices. In addition, uncertainty about geopolitical risks in the Middle East continues to prevail. The Energy Information Administration's crude oil inventories and the course of US stock markets can be monitored throughout the rest of the day. As long as pricing remains below the 90.00 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, 89.00 and 88.50 levels can be targeted. In possible recoveries, as long as the 90.00 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 90.00 and 4-hour closings for the continuation of the upward desire. In this case, 90.50 and 91.00 levels may be on the agenda. Support: 89.00 - 88.50 Resistance: 90.00 - 90.50