ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent hit the highest of the last 8 years again
During the meeting between US President Joe Biden and Russian President Vladimir Putin, the tension on the Russia-Ukraine line did not decrease. With the increasing concerns that Russia will invade Ukraine, expectations that it may cause supply problems continue to increase oil prices. As a result, Brent oil tested the highest level of the last 8 years and if it exceeds 93.90 permanently, we will follow 95.00 resistance. On the other side, 91.70 level indicated by the minor trendline will be on our radar. When this level is broken downwards, 90.60 support might be the next landing strip.
