BRNUSD

Particularly, the course of European and US stock markets could be determinant in the direction of oil prices during the day. Economic support measures in China have led to a positive divergence in mainland indexes, while a cautious anticipation prevails across Asia ahead of employment data. In the US, the weak performance of October employment data and the potential of upcoming data to create market activity capture investors' attention.

Technically, Brent oil is trading below the resistance zone of 72.50 – 73.00, and as long as these levels are not surpassed, the downward pressure seems likely to persist. In downward movements, the support levels of 71.50 and 71.00 could be monitored. In possible recoveries, the 72.50 – 73.00 resistance zone is a significant threshold, and if surpassed, the 73.50 and 74.00 levels could come into focus. The RSI indicator is at the level of 44, exhibiting a negative trend. A slight decrease of 0.01% compared to the previous day is observed, indicating a cautious market course.