WTIUSD

WTI crude oil prices are showing an upward trend due to new sanction plans targeting Russia and Iran and the International Energy Agency's upward revision of oil demand forecasts for 2025. However, expectations that supply-side balancing will continue may limit the price increase. The lack of details on stimulus measures from China is creating selling pressure on Asian indices, but its impact on oil prices remains limited. The performance of European and US stock markets can be influential in daily pricing.

Technically, WTI crude oil prices maintain an upward outlook by staying above the support levels of 69.00 – 69.50. The current pricing is at the level of 69.675. In upward movements, resistance levels of 70.50 and 71.00 can be monitored. In the event of a possible decline, closings below the 69.00 level may lead to targeting support levels of 68.50 and 68.00. The RSI indicator is at the level of 50 and exhibits a neutral trend. Prices have increased by 0.32% compared to the previous day.