WTIUSD

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WTIUSD

Despite the pessimistic outlook on the issue of LEP, oil futures have made some recovery since yesterday evening. While the US Energy Information Administration announced a 1.2 million barrel increase in stocks, Saudi Arabia's lowering of sales prices to the Asian market supported concerns about demand. The course of European and US stock markets can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 74.15 and a low of 72.74 on the previous trading day. The 73.68 level can be followed in intraday downward movements. In case of falling below this level, supports at 73.20, 72.27 and 71.80 may become important. In possible increases, resistance levels of 74.61, 75.08 and 76.02 will be monitored. Support: 73.68 - 73.20 Resistance: 74.61 - 75.08