WTIUSD

Oil futures have risen due to developments in the Middle East and expectations of supportive measures from China, followed by limited profit-taking. The announcement of economic stimulus measures in China has created a positive environment in Asian indices, while the trajectory of European and US markets remains an important factor to follow throughout the day. The Politburo's announcement of an accommodative monetary policy in China has had a positive impact on the markets. On the other hand, the investigation into Nvidia in the US and attempts at a dollar index recovery appear to be causing a cautious market stance.

From a technical perspective, the WTIUSD pair is trading below the 68.50 - 69.00 resistance levels. As long as it remains below these levels, a downward outlook may prevail, with 67.50 and 67.00 as potential support levels in downward movements. In the event of a rebound, the 68.50 - 69.00 resistance levels stand as significant barriers. The RSI indicator is at 54, indicating a neutral market outlook. Compared to the previous day, there is a very slight decline of 0.013%. For the uptrend to continue, trading needs to remain consistently above 69.00 on an hourly basis, which could bring the 69.50 and 70.00 levels into focus.