ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent Oil Remains at the Pre-War Levels
The recession concerns in global markets continue to force brent oil pricing to retreat. In addition, we think that the dollar, which is strengthened by the fact that the possibility of a tightening of 75 basis points days before the Fed's critical September meeting is not excluded, and the coronavirus closures in China, which is the largest oil importer in the world, have created weight on brent oil. 84.00 support, which will be the lowest level since January, may be on the agenda if the brent, which continues to maintain technically descending channel movement, can permanently sag below 85.80. In upward trials, there may be a resistance of 89.00 followed by 90.75.
