ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent Erases 1.5 Months' Losses with Supply Concerns
Tensions rose in the Russian-Ukrainian war. Concerns over the supply of brent oil have been triggered after Russia launched missile attacks on several cities this morning, including Ukraine's capital Kyiv, following the explosion on the Crimean Bridge and a fire in one of the fuel-filled tanks on the railway last weekend. Technically speaking, the 95.00 level continues to be decisive. The buying pressure that will be in effect, as long as this level is defended as a support, may force the commodity to reach the level of 97.80 and then 99.20.
