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#We are monitoring the (petrol) chart. Developments related to the war are directly reflected on the chart. As it rises, selling gets absorbed. This shows that the possibility of peace remains.
The close we tracked was below 95.976. This is the first sign that the decline could continue.
As a reaction to the drop, the rebound toward 107-110 may continue. If there is rejection again from this area, a deeper drop could occur.
The condition to cancel expectations is a daily and weekly close above the 119,487 peak.
If a close comes, it means the war has become even more severe.
Even if the decline in petrol continues, it means peace talks are still ongoing. If, during the decline, all the rally reaches the support at the 0.618 retracement level of 76.834 and negative news comes again, this support will hold and another rise could come.
If the support does not hold, peace news will continue to come.