WTIUSD

WTI oil prices are rising due to Israel's attacks on Lebanon. The increasing stock data announced by the U.S. Energy Information Administration has eased the pressure on oil, and the trends of European and U.S. exchanges are being closely monitored. In the U.S., the uncertainty of the election process and the upcoming interest rate announcements by the Fed are being carefully followed in the markets. Although the positive trend in Asian indices increases risk appetite in global markets, the outcome of the U.S. elections and their potential effects may also influence oil pricing.

Technically, while WTI oil prices are at the level of 71, resistance levels of 72 and 72.5 can be monitored for upward movements. In downward movements, support levels of 71, 70.5, and 70 are being tracked. The RSI indicator is at 71 and shows a negative outlook. A decline of 0.30% has been observed compared to the previous day, and overcoming the 72 resistance is important for the prices to gain upward momentum.