ANALYSIS
NQ100 Finds Support from PPIApr 14
Brent’s target is 95.00
Although Brent oil prices declined after the news that Biden and Putin will meet, Kremlin’s statement that there is no concrete planning on Putin – Biden meeting led to upward moves in the prices again. In addition, news that Russia increases reinforcements contrary to pulling them back increases the supply concerns. Technically, the commodity broke the minor trend and may target 93.80 and 95.00 levels above 92.65. On the other side, 90.45 - 89.25 support range will be on our radar.
