Oil Steady as Focus to Zelenskiy Meet After Putin Summit
Oil steadied as traders turned their attention to Donald Trump’s meeting with Volodymyr Zelenskiy on Monday, with the Ukrainian leader facing US pressure to reach a peace deal with Russia that involves ceding territory.
Brent was below $66 a barrel after closing 1.5% lower in the previous session. In a show of support, European leaders including European Commission President Ursula von der Leyen, French President Emmanuel Macron, and NATO Secretary-General Mark Rutte, will join the high-stakes meeting in Washington with Trump and Zelenskiy.
Oil prices at the time of writing were at $65.87/Toz.
- Buy if the price moves to around $65.97
- Sell if the price moves around $65.77
Resistance 2: $66.10
Resistance 1: $66.00
Support 1: $65.67
Support 2: $66.57
DISCLAIMER
Note: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions.
Source: Newsmaker.id