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WTI/USD

WTIUSD
WTIUSD
The decline in tensions between the United States and Iran continues to pull the risk premium lower in oil prices. On the other hand, the weak outlook in the U.S. Dollar Index continues to support commodity prices. U.S. Services PMI and ISM Services PMI data to be released during the day may provide important signals regarding the global demand outlook. On the technical side, while the negative outlook remains intact, dollar-driven corrective gains are expected to continue.
Support
68,98 – 68,07
Resistance
69,98 – 70,75

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