BRNUSD

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BRNUSD

As the oil market makes a balanced start to the new week, factors such as expectations of surplus supply and sanction threats from the Trump era continue to affect pricing. Asian markets began the new year week with a decline, and US index futures traded with limited losses. The increase in US bond yields is shaping expectations for the Fed's future rate cuts, while the dollar index started the week quietly. Economic indicators, such as the decline in Chicago PMI data and the increase in US home sales, are being closely monitored in the markets.

From a technical perspective, the BRNUSD pair is attempting to maintain an upward trajectory by preserving the support zones at 73.4 and 73 levels. In upward movements, the levels of 74 and 74.5 can be observed as resistance. The RSI indicator is at 60, displaying a positive outlook. With a 0.67% increase compared to the previous day, maintaining stability above 73.4 is important for the continuation of upward potential in the short term. In the event of possible declines, the 72.65 support level should be closely monitored.

Support :

73.4 - 73 - 72.65

Resistance :

74 - 74.5 - 75