WTIUSD

image

WTIUSD

Oil futures continue to show signs of recovery amid uncertainties regarding the implementation of tariffs on Canada and Mexico. While Trump reiterates that his plans will be carried out, it remains unclear how oil will be affected by this process. As long as prices remain above the 73.00 support level, an upward outlook may emerge, targeting the 74.00 and 74.50 levels.

In adverse scenarios, maintaining the 73.00 support could support new upward potential. To sustain the desire for a decline, movements and hourly closes below 73.00 should be monitored. In such a case, the levels of 72.50 and 72.00 may come into focus. The critical level for the day has been identified as 73.00.

Support :

73 - 72.5 - 72

Resistance :

74 - 74.5 - 75