BRNUSD

Oil futures gained value at the beginning of the week due to news of agreements between the United States and the European Union. However, this increase, corresponding to Friday's decline, has not yet changed the downward outlook. Therefore, it is crucial to closely monitor reactions during the European and US trading sessions throughout the day.

As long as prices remain below the resistance levels of 68.00 – 68.50, the likelihood of a continued downward trend remains high. In potential declines, levels of 67.50 and 68.00 may be targeted. In the event of a recovery, if the resistance of 68.00 – 68.50 is maintained, a new potential decline might emerge. To sustain an upward trend, monitoring movements and hourly closings above 68.50 may be necessary, which could bring levels of 69.00 and 69.50 into focus.