WTIUSD

WTI crude oil prices remain under pressure due to U.S. President Trump's threat of tariff increases on China and plans to increase U.S. oil production. This situation creates downward pressure in the oil market. The course of European and U.S. stock markets may influence intraday pricing. Particularly, the volatility caused by Trump in Asian markets leads to losses in the Shanghai and Hong Kong indices, while the Japanese Nikkei index is seeing an increase. It is believed that the tariff increase on China could further strain the country's economy, whose recovery expectations have not yet been met.

Technically, WTI crude oil prices are monitoring the 75.50 and 75.00 levels as support, while 76.50 and 77.00 levels are being tracked as resistance. As long as prices remain below the 76.00 – 76.50 resistance area, the downward outlook may dominate. The RSI indicator is at the 45 level and showing a negative trend. A limited depreciation of 0.08% compared to the previous day is observed. If prices rise above 76.50, there could be potential for a short-term recovery. However, for the upward trend to continue, persistence above 76.50 will be necessary.