WTIUSD

WTI crude oil prices are showing a recovery trend supported by sanctions imposed on Russia and declining inventories. The drop experienced yesterday was related to speculations of potential easing in Trump's sanctions on Russia. While a mixed trend prevails in Asian markets, there are recovery efforts seen in Japan, China, and Hong Kong indices. Potential interest rate cuts in the US and economic growth in China are among other significant developments that could impact oil prices.

From a technical perspective, WTI prices are trading just above the 78.00 level. The 77.50 and 78.00 levels stand out as significant support levels for the price to maintain its upward movement. In upward movements, the 79.00 and 79.50 resistance levels can be monitored. The RSI indicator is at level 47 and presents a neutral outlook. There is a 0.84% depreciation compared to the previous day. If the 77.50 support is broken, the 77.00 and 76.50 levels may come into focus as potential support points.