ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent oil surges amid sanctions
US President Biden’s statement that they are banning all energy instrument imports from Russia as part of the sanctions implemented due to the invasion of Ukraine has led to upward movements in Brent oil. Consequently, Brent hit the highest level of the last 14 years and if it becomes permanent above 125.00, we will follow 129.00 and 131.15 resistance levels. On the other side, 123.00 and 121.00 will be our support levels below 125.00.
