Covid Effect in China Continues on Brent Oil



With the effects of the falling dollar in the global markets after the FOMC Minutes, brent oil prices received some support. However, the record-breaking coronavirus cases in China, the world's largest oil importer, are putting strong pressure on brent oil. Technically, in brent oil, which is seen to continue its downward trend, the 82.35 support can be expected to be on the agenda if it is permanently passed below the 83.55 level. In upside attempts, 86.00 resistance can be followed.