ANALYSIS
NQ100 Finds Support from PPIApr 14
92.00 Level Will be Followed in Brent Oil
The continuing pressure of the Biden government on oil-producing countries to reduce prices weighs heavily on brent oil pricing. On the other hand, the strong stance of the dollar also has an impact on commodity. Technically speaking, brent oil, which is seen to carry the descending channel movement to the first trading day of the week, does not seem likely to enter a permanent recovery path, as long as it remains below 92.00, the upper boundary line of the channel. At this point, 89.40 level can be followed closely. 88.25 support may come to the agenda within the scope of passing below this place permanently. In the possible transition above 92.00, 93.35 resistance may be in question.
