ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent Oil Continues in Buyer's Course
Although the concerns about growth in the global markets slightly decreased the energy prices, the recession concerns continue to keep the demand for brent oil on the agenda. In addition, the G-7 countries' announcement of research on a ban on the transportation of Russian oil also has an impact here. Technically, if the 117.00 resistance level in precious oil, which continues its upward movements by breaking the descending minor trend, can be overcome permanently, an increase can be observed up to the 119.30 resistance indicated by the Fibonacci 78.6 percent correction line. In the possible downside scenario that may be experienced in the pricing of the commodity, the 111.40 and 108.50 support levels can be followed by the market players.
