WTIUSD

The rise in oil futures contracts that started with the decline in stocks in the US is trying to continue. We will be following the course of European and US stock exchanges during the day. Following the upward break of the downward channel, the effort to hold on to short-term averages continues. As long as the pricing remains above the 78.50 - 79.00 support supported by the 13 and 20-period exponential moving averages during the day, the upward outlook may be at the forefront. In possible increases, 80.00 and 80.50 levels may be targeted. On the WTI side, a downward trend parallel to Brent oil is also dominant. WTI oil saw a high of 79.44 and a low of 78.57 on the previous trading day. The 79.07 level can be followed in intraday downward movements. In case of falling below this level, the supports of 78.70, 78.20 and 77.82 may become important. In possible increases, 79.94, 80.44 and 81.10 will be monitored as resistance levels. Support: 79.07 - 78.70 Resistance: 79.94 - 80.44