ANALYSIS
NQ100 Finds Support from PPIApr 14
87.50 Resistance is Critical in Brent Oil
On the new trading day, the dollar's appearance in international markets slightly supports brent oil. However, in China, the world's largest energy importer, the concerns that the protests that flared up for the expanded measures against the coronavirus by the public authority will damage the supply chains are keeping the demand for brent under pressure. Technically speaking, brent seems to be defending the descending channel movement. As long as the strong 87.50 resistance is not exceeded, the risk of the commodity falling to 82.25 will continue, behind 83.90.
