BRNUSD

The decision by OPEC+ to postpone production plans has not been enough to support Brent crude prices. Demand uncertainties and concerns over global economic growth are driving oil prices lower, with the U.S. jobs data being crucial for the market's direction. The market is closely monitoring oil prices along with the broader outlook in European and U.S. stock markets. On the 4-hour chart, Brent crude finds support at 72 and 71.5, while resistance is observed at 73 and 73.5. The RSI indicator stands at 32.13, signaling a recovery from oversold conditions. Oil is trading at 72.505, down by 0.03% from the previous day. Support:72 - 71.5 - 71 Resistance:73 - 73.5 - 74