Oil Analysis
Global markets are closely watching the increasing tensions in the Middle East. Tensions in the region are escalating from time to time, and Israel continues to deploy troops to the border while a ground operation remains on the agenda.
The escalation of conflicts between Israel and Hamas and the possibility of regional escalation into a war are raising concerns in global markets. Therefore, all developments are being closely monitored. The increase in geopolitical tensions is also causing upward movements in oil prices. Crude, which started the week at levels around 87.70, is trading above the starting level of the week on the last trading day. When technically analyzing the Crude product, the resistance levels to follow are 91.50 - 95.13 - 97.81, and the support levels are 85.37 - 81.71 - 78.76.
Source: Info Investment
British News Agency
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