BRNUSD

Oil futures continued to remain under pressure during the Asian session on Tuesday. Globally, the situation of abundant supply is prominent, particularly due to the effects of U.S. and OPEC+ production. Additionally, trade tensions between the U.S. and China continue to create uncertainty. Throughout the day, movements in European and U.S. markets, along with stock data to be announced by the American Petroleum Institute, should be monitored closely.

Prices may exhibit a downward trend as long as they remain below the resistance levels of 61.00 - 61.50. In potential declines, levels of 60.50 and 60.00 may be targeted, while in rises, maintaining the resistance level of 61.00 - 61.50 is crucial. In such a case, levels of 62.00 and 62.50 could come into play. Key levels for the day: 61.00 - 61.50.