BRNUSD

The BRN/USD pair is moving within a narrow range with low trading volume and weak new information flow due to the Thanksgiving holiday in the United States. Following the ceasefire between Israel and Hezbollah, the postponement of the OPEC+ meeting to December 5 is being monitored by the markets. It is noted that the trajectory of European and US stock markets may also influence oil prices. Additionally, developments in Asian markets and Eurozone inflation data are contributing to the overall market atmosphere.

From a technical perspective, BRN/USD maintains its movement below the resistance level of 72.50 - 73.00. As long as it stays below this region, downward pressure may continue, with 72.00 and 71.50 levels being monitored as support in the event of declines. In potential upward movements, hourly closings above the 73.00 level should be watched, and in this case, the 73.50 and 74.00 levels may come into focus. On the chart, the RSI indicator is at level 55, showing a neutral outlook. The pair has shown a 0.17% increase compared to the previous day.