BRNUSD

Brent crude gained positive momentum after the PCE inflation data in the US fell below expectations, supporting the probability of a rate cut in the Fed's March meeting. This situation gave an upward momentum to oil prices. Additionally, statements by Trump suggesting that Europe needs to buy large amounts of oil and natural gas to maintain trade balances are also putting upward pressure on prices. Movements in European and US stock exchanges continue to be an important indicator for the course of oil prices.

From a technical perspective, Brent is maintaining an upward outlook by holding above the support levels of 72.75 and 72.40. As long as it stays above these levels, the resistance levels of 73.30 and 74 can be targeted. As shown in the chart, the RSI indicator is just below the 50 level and exhibits a neutral trend. If it falls below the 72.40 level, the 72 and 71.50 levels can be monitored as support, respectively. Oil prices show an increase of 0.52% compared to the previous day.