Oil today: the oil market is in anticipation of a decision on Iran’s nuclear program

On Tuesday, oil prices remain near the opening level of the day after a slight correction. So, earlier the oil quotations renewed the three-year maximum and came under the effect of correction, which was caused by the expectation of the US President D. Trump’s comments on Iran’s nuclear program and possible sanctions, the announcement of which is expected today. Therefore, the main oil brands are trading restrainedly, waiting for drivers to move.

• The nearest resistance levels (signals to sell oil): for WTI – 71.00 and 72.00 $ per barrel, for Brent -76.00 and 76.50 $ per barrel.
• The support levels (signals to buy oil): for WTI – 69.00 and 68.00 $ per barrel, for Brent – 75.00 and 74.00 $ per barrel.

Hanzenko Anton