ANALYSIS
NQ100 Finds Support from PPIApr 14
90.75 Level Will be Followed in Brent Oil
In China, which is the world's largest oil importer, concerns that restrictive measures will be increased as a result of rising coronavirus cases have pulled back brent oil pricing. However, the 2.6% growth of the US economy in the third quarter continues to support energy demand. Technically, if the 93.20 level is exceeded in brent oil, which is likely to defend minor channel movement with its permanence above 90.75, the rebound may continue up to the 94.50 resistance. In the possible transition below 90.75, 89.50 support can be followed.
