BRNUSD

Oil prices are tending to decline amid reports of a 60-day ceasefire brokered between Israel and Hezbollah and the possibility of OPEC+ postponing its production increase plan. The American Petroleum Institute's announcement of a significant reduction in inventories limited declines during the Asian session. In the markets, data related to PCE inflation, growth, and durable goods orders from the US is closely watched. This suggests that oil prices may vary throughout the day based on the trends of European and US exchanges.

In technical analysis, BRNUSD is trading below the resistance zone of 72.50-73.00. If it stays below these levels, there is potential for the price to retreat towards the support levels of 72.00 and 71.50. Oil, trading at the level of 72.435, has depreciated by 0.08% compared to the previous day. The RSI indicator is at level 48 and presents a neutral outlook. In potential recoveries, closing prices above 73.00 could bring the resistance levels of 73.50 and 74.00 into focus.