Oil today: oil quotes keep a sideways trend

On Wednesday, oil prices slightly adjusted after yesterday’s decline. In the oil market, mixed sentiment is associated with pessimism due to rising oil reserves in the US and the possibility of new sanctions against Iran. As a result, oil remains in the sideways trend, changing optimism for pessimism and vice versa. The reason for the exit from an established lateral trend may be a significant change in oil reserves in the US or the promotion of Iranian sanctions. But while the oil market remains uncertain.

• The nearest resistance levels (signals to sell oil): for WTI – 68.50 and 69.00 $ per barrel, for Brent -744.50 and $ 75.00 per barrel.
• Support levels are (signals to buy oil): for WTI – 67.00 and 66.50 $ per barrel, for Brent – 73.00 and 72.50 $ per barrel.

Hanzenko Anton