ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent is likely to recover
Strong PMI data in the US had caused a positive momentum in UKOIL and the World Health Organization’s positive remarks on Omicron variant increased the possibility of further rises. The commodity put an end to the descending trend and if it exceeds 73.50 resistance above, we will follow Fibonacci 50.0 retracement line indicating 75.30. On the other side, we will keep an eye on 70.20 and 68.60 supports.
