UKOIL:Brent Oil May Continue Its Buyer Course



Although the expectations about the aggressive tightening of the bank at the Federal Open Market Committee (FOMC) meeting, which will be completed tomorrow in the USA, pulled back the Brent oil prices a little, the demand for oil continues to be high during the driving season in the USA. There is also the effect of oil production coming to a standstill in Libya yesterday. Technically, in brent oil, where the upward trend continues, if the 123.30 level is exceeded, the rise can continue until the 125.60 resistance. Otherwise, in the downside scenario, 118.10 and then 116.90 support may come to the fore.