Oil Holds Pace
Oil prices stabilized after Greenland tensions eased. Brent held above $65 and WTI near $61, buoyed by improved sentiment after Trump held off on threatening tariffs on Europe.
However, the market remains uncertain due to supply concerns: the IEA sees a risk of a surplus, US stockpiles rose by 3 million barrels (API version), and supplies from Kazakhstan, Venezuela, and Russia have the potential to increase. Brent $65.23; WTI $60.66. (asd)
Oil price at the time of this analysis was $64.56
- Buy if the price moves within $64.66
- Sell if the price moves within $63.46
Resistance 2: $64.86
Resistance 1: $64.73
Support 1: $63.31
Support 2: $63.19
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id