WTIUSD

Oil futures began to show an upward trend following the PCE inflation data released on Friday, which supported the possibility of an interest rate cut by the Fed at its March meeting. Additionally, Trump's warning that Europe needs to purchase large-scale oil and natural gas from the US to balance trade with America also contributed to this rise. It is noted that the course of European and US stock markets may also impact oil pricing.

In the WTIUSD chart, as long as prices remain above the 69.70 support, the upward movement continues. The resistance levels of 70.00 and 70.50 are closely monitored during the rises. However, in a decline scenario, closures below the 69.40 support might bring the levels of 69.00 and 68.50 into focus. The RSI indicator is at the level of 56, displaying a neutral outlook. Currently, there is a daily decrease of 0.65% in WTIUSD.