ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent Oil has lost bullish momentum
We are observing take profit sales in brent oil ahead of the EU leaders summit held to discuss the rapidly rising energy prices. Technically, if it stays below 84.50, the commodity will continue to go down and target 84.00 and 83.45 supports. Against possible rises, 84.85 might be taken into consideration.
Supports: 84.00 – 83.45 – 82.70
Resistances: 84.85 – 85.50 – 86.30
