WTIUSD

WTI crude oil prices continue to remain under pressure due to speculations of a surplus expected next year. The trends of European and US stock markets can be monitored throughout the day. During this period, as long as oil prices stay below the resistance level of 68.50 - 69.00, a downward trend may remain in focus. Statements by Fed Chair Powell indicating that there will be no rush to lower interest rates and the strong retail sales outlook in China are also being watched closely in the markets.

Technically, WTI crude oil prices are monitored on the 1-hour chart and are trading below the resistance level of 68.50 - 69.00. If downward movements continue, the support levels of 67.50 and 67.00 might be targeted. The RSI indicator is at 44, indicating a negative trend. Prices have fallen by 0.86% compared to the previous day. If a recovery occurs above the level of 69.00, the resistance levels of 69.50 and 70.00 may come into focus.