ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent Oil Continues Its Buying Movements
Brent oil prices are moving upwards as motor fuel inventories in the United States hit their lowest level since 2013 for the period of heavy vehicle use known as the driving season. In addition, the statement by Ukrainian President Volodymyr Zelenskyy that Ukraine will continue to fight until it reclaims all of its territories also raises supply concerns, indicating that blood pressure will remain high. Technically speaking, if the resistance of 114.10 can be exceeded in brent oil, where the bullish trend is maintained on the third trading day of the week, 116. 40% resistance can get on the radar of market players. As for possible downward movements, the 110.00 support level is in a critical position.
