WTIUSD

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WTIUSD

Oil futures were under pressure last week due to weak US data that triggered concerns about a recession in the global economy. It was seen that the pressure continued due to the negative impact of the expectation of an Iranian attack on Israel on the economies rather than supply-side concerns. The course of European and US stock markets can be followed during the day. On the WTI side, a downward trend parallel to Brent oil is dominant. WTI oil saw a high of 76.73 and a low of 72.49 on the previous trading day. The 74.28 level can be followed in intraday upward movements. If this level is exceeded, the resistance levels of 76.08, 78.52 and 80.31 may become important. In possible pullbacks, the support levels of 71.84, 70.05 and 67.61 will be monitored. Support: 71.84 – 70.05 Resistance: 74.28 – 76.08