ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent Oil is at The Top of 2 Months
In Beijing, the capital of China, which has more than 27 percent of the world's manufacturing industry, Brent oil continues to find demand due to the loosened epidemic measures. In addition, as the driving season approaches in the USA, high demand expectations dominate oil prices. On the other hand, the supply-side support of the EU Leaders' agreement on the oil embargo against Russia is still reflected. Technically speaking, brent, which continues its uptrend on the third trading day of the week, can gain value up to 124.00 resistance, the highest level it has seen since March 9, if it leaves 121.85 behind. In the downside scenario that may be experienced in the commodity, 118.20 and 116.00 support levels can be followed.
