WTIUSD

WTI crude oil prices are striving for equilibrium as the possibility of a delay in the production increase plan at the OPEC+ meeting and manufacturing activity in China coming in better than expected come into play. Political uncertainties in the Middle East and the tension between Israel and Hezbollah are also among the factors affecting the pricing. The performance of U.S. and European stock markets is among the important economic indicators that can be tracked throughout the day.

Technically, WTI crude oil prices continue to show a downward trend. As long as prices remain below the 68.50-69.00 resistance level, the levels of 67.50 and 67.00 can be followed as support in declines. If a recovery is observed, hourly closings above the 69.00 level may bring the 69.50 and 70.00 resistance levels into focus. The RSI indicator is at the 60 level and displays a positive trend. A 0.35% positive change is observed in daily price terms.