ANALYSIS
NQ100 Finds Support from PPIApr 14
81.40 Resistance is Critical in Brent Pricing
Brent is supported by the steps of China, the world's largest energy importer, to end its 'zero case' policy in its fight against the Covid-19 outbreak. In addition, the weak dollar has an impact on global markets. Technically speaking, it is seen that brent has ended its interim downtrend and headed towards the recovery channel. Above 81.40 resistance is critical. With the end of here, the transition to the consolidation phase can be achieved and the level of 82.85 and then 84.30 can become the target position. Below, the 78.85 – 77.60 line will continue to be the power harvesting zone.
