ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent Oil Tends to Recover Its Losses
Expectations of recession in global markets continue to put pressure on brent oil. However, ahead of the consumer inflation data to be announced in the US, we observe that the dollar index has moderately loosened while the markets evaluate that inflation can decline. From this point of view, brent oil, which carried the recovery movements to the second trading day of the week, can rise up to 97.00 resistance indicated by the Fibonacci %61.8 correction line, if it can exceed the 95.65 level with permanent closures. In possible downward movements, 93.35 and 91.85 supports can be followed.
