ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent Oil accelerated the decline
US government is considering releasing more barrels from the strategic petroleum reserves, leading to losses in Brent oil prices, Kremlin’s statement that there are long way to go to make a deal with Ukrainian delegates has increased the tensions again. In addition, UK PM Johnson said that sanctions will continue even if the parties agreed on terms, leading to further increases. Hence, 102.80 – 100.00 support will be on our radar. As long as it stays within these levels, bullish movements will continue towards 107.60 and 109.50 resistance levels.
