BRNUSD

Oil prices maintain an upward trend following the data showing the expansion of China's manufacturing sector entering its third month. It is believed that the Chinese government's stimulus efforts have been effective and provided a positive contribution. While this situation supports upward expectations in the oil market, the manufacturing PMI data to be announced in the U.S. is also being closely watched by the markets. Given that today is the last trading day of the year, it should be noted that volumes may decrease and price movements may remain limited.

From a technical analysis standpoint, the BRN/USD pair is trading at the 74.00 level on the hourly chart. In case of continued upward movements, resistance levels of 74.50, 75.00, and 75.50 can be followed. In the event of downward movements, the levels of 74.00, 73.70, and 73.40 are monitored as support. The RSI indicator is at the 58 level, showing a positive trend. Prices have increased by 0.73% compared to the previous day, indicating that the upward momentum continues.