ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent May Sustain its Losses Up To Critical 85.00 Level
In China, the world's largest oil importer, the number of coronavirus cases exceeding 23 thousand reduces demand in the energy market. On the other hand, it is possible to say that the moderate statements about the negotiations on the Russia-Ukraine line alleviated the supply concerns. In this direction, if brent, which confirms the trend change by pulling back with the sellers rising, falls behind the 86.70 support, the losses are likely to continue until 83.25, which is marked by the Fibonacci 161.8% expansion line, behind 85.00. The 90.15 and 92.00 resistances can be observed in possible recovery attempts.
