ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent Oil Heads to Correction Path
Due to concerns about stagnation in global markets and increasing coronavirus cases in China, the indefinite closure in the city of Sichuan is putting weight on brent oil. However, as a result of the moderate relaxation in the dollar, we see that brent oil is reacting and heading toward the recovery path. From this point of view, brent, which performs minor channel change on the first trading day of the week, can recover its losses up to 96.85 resistance as shown by Fibonacci %61.8 retracement line, in recovery above 95.00 resistance. 91.00 and 88.35 supports can be followed in possible downward movements.
