ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent oil is rising just before the new sanctions against Russia
While US President Joe Biden is expected to announce new sanctions to be applied against Russia due to the Ukraine war, supply concerns continue in Brent oil pricing. Technically, as long as it stays above 115.95, we will follow 119.80 and 122.00 resistance levels. On the other side, 114.00 – 111.85 might be an opportunity for long positions in possible decreases.
