WTIUSD

Trump's tariff plan, imposing a 25% tariff on Mexico and Canada and a 10% tariff on China, has led to increased market activity, providing a dynamic start to the week. Although oil futures initially showed an upward trend, some of those gains were reversed after the market opened. Information has emerged indicating that a 10% lower tariff will be applied to energy imports from Canada. Throughout the day, the performance of European and U.S. stock markets will be closely monitored.

As long as pricing stays above the support levels of 73.00 – 73.50, an upward trend may be observed. In potential upward movements, the 74.50 and 75.00 levels could be targeted. However, as long as the 73.00 – 73.50 support zone is maintained during declines, new upward potential could arise. To continue the downward trend, movements and hourly closes below 73.00 should be monitored, which could bring the 72.50 and 72.00 levels into focus. The critical level for the day is 73.00 – 73.50.