WTIUSD

Oil futures have given back some of their gains ahead of the OPEC monthly report to be released today. At the beginning of the week, the upward trend was followed by the optimism provided by the announcement that OPEC's decision to gradually lift the production cut was reversible. The Short-Term Energy Outlook (STEO) Report to be published by the US Energy Information Administration will also be followed today. As long as the pricing remains above the 76.50 - 77.00 support during the day, an upward outlook may be in the foreground. In possible increases, 78.00 and 78.50 levels may be targeted. In possible decreases, as long as the 76.50 - 77.00 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 76.50 and hourly closings for the continuation of the downward desire. In this case, the 76.00 and 75.50 levels may be on the agenda. Support: 77.00 - 76.50 Resistance: 78.00 - 78.50