WTIUSD

WTI oil prices continue to be under pressure due to demand concerns following the reduction of demand expectations in OPEC's monthly report. Negative expectations regarding the Chinese economy and forecasts of increases in non-OPEC production are among other factors that increase market pressure. In this context, the performance of European and US stock markets may be an important indicator for oil pricing. In potential recoveries, surpassing the 68.50 - 69.00 resistance levels is crucial.

In the chart, when examining WTIUSD prices on an hourly timeframe, the price moves below the 68.50 - 69.00 resistance levels. In downward movements, the 67.50 and 67.00 support levels can be monitored. The RSI indicator is at 48, indicating a neutral market trend. A 0.37% increase is observed compared to the previous day. Hourly closures above 69.00 could lead to targeting the 69.50 and 70.00 levels.