WTI

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WTI

Oil prices started the week by maintaining the gains they made last week, along with the increasing tension in the Red Sea. The course of European and US stock markets can be followed during the day. In the upcoming period, as long as the prices remain at and above the 71.50 - 72.00 support, an upward outlook may be at the forefront. In possible increases, 72.50 and 73.00 levels can be targeted. In possible decreases, as long as the 71.50 - 72.00 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 71.50 and hourly closings for the continuation of the downward desire. In this case, the 71.00 and 70.50 levels may come to the agenda. Support: 71.50 Resistance: 73.00