ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent Oil May Continue to Pull Down
The effects of the supply concern created by the partial mobilization in Russia in the energy market were limited on brent oil. On the other hand, as a result of the aggressive tightening steps of the central banks in the global markets against the high inflationary environment, it is observed that the prices of brent oil continue to decrease. In addition, the recession risks brought by the tightening path also have an impact here. Technically speaking, brent, which has started to erode the lower boundary line of the descending channel, can deepen the retracement to 82.40 support, which will be the lowest level since January, if it passes behind the 83.00 level with permanent closes. In the upward movements that may occur, 85.35 – 86.60 may be a balancing zone.
