WTIUSD

WTI crude oil prices declined after Trump announced the postponement of tariffs on Canada, Mexico, and China and stated that more negotiations would take place with China. Prior to this, the news of tariffs had pushed oil prices up due to the potential increase in costs. Movements in European and US stock markets may also influence the trend in oil prices. Trump's trade policies continue to have an impact on global markets, with losses observed in the Canadian dollar and Mexican peso. These developments could increase volatility in oil prices.

Technically, the WTI price is at the level of 71.685, showing a slight decrease of 0.11%. On the daily chart, the levels of 72 and 71.5 are watched as important support points. In potential upward movements, levels of 72.5 and 73 present themselves as resistance. The RSI indicator suggests that the market is exhibiting a neutral outlook. As long as the pricing remains below the 72.5 - 73.0 resistance region, downward pressure may persist. For the continuation of an upward trend, closures above 73.0 should be monitored.