BRNUSD

Brent crude oil prices are on a positive trajectory in Asian markets ahead of US inflation data and the stock data to be released by the Energy Information Administration. Signs of stabilization are observed in the oil market, influenced by the monthly report to be published by OPEC and China's moderate policies aimed at supporting the economy. The American Petroleum Institute's report of a 500,000-barrel increase in stocks is also being closely monitored by the markets. US inflation data and the OPEC report stand out as determining factors for the short-term direction of oil prices.

Technically, Brent crude has the potential to exhibit an upward movement by holding above the 72.00 support level. The 73.00 and 73.50 levels can be monitored as resistance. In case of any pullbacks, the 72.00 level emerges as a significant support point. If the price falls below this level, the 71.50 and 71.00 support levels can be monitored. The RSI indicator is at 54, showing a neutral outlook in the market. Brent crude, which has gained 0.86% in value compared to the previous day, is maintaining its upward momentum.