BRENT

After the first quarter growth announced below expectations in the US yesterday, although the initial effect on oil futures was a decline, we later saw that recovery came to the fore and that it was heading towards gains before the PCE inflation to be announced today. Therefore, the course of the US stock markets and the PCE inflation data can be followed during the day. In general, an upward trend is seen. Brent oil saw a high of 88.03 and a low of 86.24 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 1.03% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 54.37, while its momentum is at 98.76. The 88.41 level can be followed in intraday downward movements. If this level is dropped, the supports of 87.80, 86.63 and 86.01 may become important. In possible increases, 89.59, 89.90 and 90.38 will be monitored as resistance levels. Support: 88.41 – 87.80 Resistance: 89.59 – 90.38