ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent is at the top of the last 7 years
Tensions are rising in the Middle East. News that three tankers in Abu Dhabi were exploded pushed Brent oil to its highest level since October 2014, due to the supply concerns. Technically, the rise in momentum will continue above 86.00. If 88.20 resistance is exceeded, 89.30 indicated by Fibonacci 161.8 expansion line will be on our radar.
