BRNUSD

The oil market is in an upward trend due to new sanction plans against Russia and Iran. The International Energy Agency's upward revision of oil demand forecasts for 2025 supports this trend, while concerns about oversupply persist. Although uncertainties regarding incentives in China have led to profit-taking, these losses have been quickly recovered. During the day, the performance of European and US stock markets may also affect oil prices.

Technically, as long as the BRNUSD price remains above the 72.50 – 73.00 support levels, the upward outlook may remain prominent. Increases may target the resistance levels of 74.00 and 74.50. In the event of possible declines, the movements below 72.50 should be monitored, in which case levels of 72.00 and 71.50 may come to the forefront. The RSI indicator is at the 63 level and shows a positive outlook. The pair, with a 0.21% increase compared to the previous day, maintains its upward momentum.