ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent Oil is likely to recover
Although the 25-bps-rate-hike of the FOMC in the second meeting of the year has halted the recovery in Brent oil, the 4th round of talks between the delegations of the two countries has ended with no significant results and Russian President Putin stated that Russia continues as planned and they will not step back despite the sanctions implemented by the West have contributed to the bullish movements in the oil. Technically, Brent has put an end to its descending trend and if it exceeds 104.50 permanently, we will follow 107.30. On the other side, 98.00 and 95.50 supports will be on our radar.
