BRENT

BRENT

The PMI data announced in China on Sunday reflected positively on the markets, with expansion in both the manufacturing and service sectors and the acceleration of expansion in the service sector. With this development, which also positively affected demand expectations, oil prices started the week with gains. The course of the US stock markets can be followed during the day. As long as the pricing remains at and above the 86.00 - 86.50 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 88.00 and 88.50 levels may be targeted. In possible decreases, as long as the 86.00 - 86.50 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 86.00 and 4-hour closings for the continuation of the downward desire. In this case, the 85.50 and 85.00 levels may come to the agenda. Support: 86.50 - 86.00 Resistance: 88.00 - 88.50