Oil market protects its strong trend after weekly oil stock data in the USA on the global forex market.Despite the increase in weekly oil stocks announced yesterday in the US, Brent Oil, which trades at a price of 57.00 USD, is still looking for a bullish move. Over 57.00 USD in the day may lead to an increase in volatility. The support and resistance levels we provide in the end-of-day analysis for the commodity remain valid. Another data released yesterday in the US was the November trade balance figures. In the mentioned period, while the decrease in foreign trade deficit was estimated, the deficit rose to 65.3 billion dollars. On the other hand, the withdrawal in the Dollar Index, which is located in an overdelivery overbought territory, draws attention. However, because of the holiday season, the transaction volume is very low and we can not talk about a healthy price. The same is true for the rapid appreciation in the euro.

Comment Send

• 

  Cocoa prices are losing value constantly

• 

  Gold market is protecting its earnings at the end of week

• 

  USD/TRY is protecting its strong outlook

• 

  Non Farm Payrolls Data Announced in the USA

• 

  USD/TL parity is trying new records with 3.42 level

• 

  China foreign trade surplus increased in January

• 

  Global markets focus on Yellen's speech today

• 

  Turkish Lira is losing value after the developments in American Side

• 

  Global markets are pricing the latest developments

• 

  Global markets will focus on PMI data today