WTIUSD

WTI oil prices have declined with news of possible ceasefire negotiations between Israel and Hezbollah. The statement by the U.S. Ambassador to Israel suggesting that an agreement may soon be reached and the uncertainty on the Hezbollah side have caused some fluctuations in oil prices. However, after yesterday's decline, it has been observed that oil prices have somewhat recovered today. In addition to these developments, markets are closely monitoring the FOMC meeting minutes and changes in the U.S. consumer confidence index.

On the chart, it is seen that the downward trend continues as long as oil prices remain below the 69.50 - 70.00 resistance level. Prices may target the 68.50 and 68.00 support levels. In potential recoveries, the 69.50 - 70.00 resistance levels remain important, while hourly closures above 70.00 are necessary for the continuation of the upward movement. In this case, the levels of 70.50 and 71.00 may come into play. According to technical indicators, the RSI indicator is at the 55 level and shows a neutral trend. It is observed that prices have increased by 0.28% compared to the previous day.