The Kremlin’s statement that great progress has not been made in the talks with Ukraine, as the press has mentioned, but that the talks in question are continuing, highlighting the effort to recover the losses in oil prices. During the day, the course of the European and US stock markets and the developments regarding the Ukraine agenda can be followed.
As long as the prices stay above the 105.45 – 107.00 support in the upcoming period, the upside outlook may be one step ahead. In possible rises, 111.00 and 112.70 levels can be targeted.
As long as the 105.45 – 107.00 support stays current on possible decreases, a new uptrend potential may occur. Therefore, it may be necessary to see the course below 105.45 and hourly closings for the continuation of the downward trend. In this case, the level of 103.70 may come to the fore.
In summary; As long as the prices stay above the 105.45 – 107.00 support in the upcoming period, the downside outlook may be in the foreground.
High of the Day: 105.45 – 107.00 region