WTIUSD

WTI oil prices continue to rise under the influence of geopolitical risks. The increasing tension between Ukraine and Russia has escalated, especially with Russia's intercontinental ballistic missile attack. This situation increases uncertainty in energy markets, exerting upward pressure on oil prices. Additionally, speculations that OPEC+ might delay the decision to ease production cuts in December also support oil prices. Developments in European and US stock markets may influence the direction of oil prices.

Technically, WTI oil prices are moving just above the 70.00 level on the daily chart. The 70.00 and 69.50 levels are monitored as support, while the 71.00 and 71.50 levels are followed as resistance in upward movements. The RSI indicator is at the 55 level, displaying a positive outlook. The price has increased by 0.24% compared to the previous day. This technical outlook indicates that if prices remain above the support levels, the potential for an upward trend may be maintained.