BRENT

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BRENT

Along with the developments over the weekend, oil prices continued their gradual rise. Yesterday, the Iranian President and Foreign Minister lost their lives in a helicopter crash. Ukraine's drone attacks on Russian oil refineries continue. On Saturday, an oil tanker heading to China was attacked by the Houthis. Therefore, we can say that the perception of geopolitical risk is high. The course of European and US stock markets can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 83.79 and a low of 82.85 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.65% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 44.63, while its momentum is at 100.30. The 84.45 level can be followed in downward movements during the day. If this level is dropped, the supports of 83.89, 83.31 and 82.16 may become important. In possible increases, 84.55, 84.89 and 85.39 will be monitored as resistance levels. Support: 83.89 – 83.31 Resistance: 84.55 – 84.89