BRNUSD

Despite the increase in inventories announced by the American Petroleum Institute, oil prices continue to trend upward due to political tensions in the Middle East, particularly the rising tension between Israel and Iran. U.S. Secretary of State Blinken's ceasefire efforts and the stock figures to be released by the U.S. Energy Information Administration may be decisive in the direction of the market. The performance of U.S. stock markets and developments in the Middle East are also among the significant factors that could affect oil pricing.

From a technical perspective, we can say that the 75.5 and 75 levels function as support on the 4-hour chart for crude oil. In upward movements, the 76.5 and 77 levels are being monitored as resistance. The RSI indicator is at 52, indicating a neutral market outlook. Currently, oil prices are trading with a 0.64% decrease. If the support levels are maintained, further upward movements can be expected, whereas if the price falls below the 75 level, the 74.5 and 74 levels may come into focus.