BRNUSD

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BRNUSD

The oil market is drawing attention with uncertainties regarding the implementation of tariffs on Canada and Mexico. Trump's statement that he will continue applying tariffs increases volatility in the market and puts pressure on oil prices. Market participants are waiting for the uncertainty over whether the tariffs will include oil to be resolved. On the other hand, economic data from the U.S., particularly indicators such as PCE inflation, are being closely monitored for their impacts on the Fed's interest rate policies.

From a technical perspective, BRNUSD prices are trying to hold above the 76.00 support on the 4-hour chart. As long as this level is maintained, the upward movement may continue. Resistance levels are highlighted at 77.00 and 77.50, while in case of a decline, levels of 75.50 and 75.00 could be targeted. The RSI indicator is showing a neutral outlook around the 50 level. On a daily basis, the price is down by 0.32%, indicating a sideways market trend.

Support :

76 - 75.5 - 75

Resistance :

77 - 77.5 - 78