BRNUSD

Crude oil futures declined after U.S. President Trump announced a postponement of tariffs on Canada and Mexico and planned further discussions with China. At the beginning of the week, oil prices had risen due to concerns that these tariffs could increase extraction costs. However, following these developments, a downward trend in pricing has become prominent. The performance of European and U.S. stock markets is also among the factors that could influence oil pricing.

From a technical perspective, the BRNUSD chart is trying to find support at the levels of 75.00 and 74.50 in the hourly timeframe. On the upside, the resistance levels of 76.00 and 76.50 are in focus. The RSI indicator is at the 48 level, showing a neutral trend. In intraday price movements, a decline of -0.23% is observed. If the downward pressure continues, there might be a possibility of retracements towards the 74.00 level.