WTIUSD

WTI oil prices are trying to find direction under the influence of interest rate cuts in China and geopolitical risks, while the weak demand outlook causes this effect to remain limited. The mixed course in Asian markets, especially the positive divergence in Chinese indices, is attracting attention in global markets. Factors such as uncertainty in the Fed's interest rate policies and the upcoming elections in the US lead to cautious movements in the oil markets. The intra-day performance of European and US stock markets could be a determining factor in the short-term trend of oil prices.

Technically, WTI oil prices are hovering near the 70.50 resistance. Hourly closings above this level could lead the prices to move towards the 71.00 and 71.50 levels. In downward movements, the 69.50 level is critical, and hourly closings below this level could lead to testing of the 69.00 and 68.50 support levels. The RSI indicator is in the neutral zone, showing an indecisive appearance in the market, with a slight decrease of 0.04% compared to the previous day.