ANALYSIS
NQ100 Finds Support from PPIApr 14
Crude Oil Drops to Pre-War Levels
Increasing recession risks for developed countries in global markets continue to be one of the main downside factors in crude oil pricing. On the other hand, following the announcement of the NFP report in the USA on Friday, a 75 basis point rate hike expected from the FED also has a downward effect. Technically, the index, which signals negative pricing in the descending channel on the first trading day of the week, can be passed below the 85.75 level with permanent closes. The decline may continue until the 84.00 support, the lowest level since January 2022. For possible upward moves, 89.50 and 91.00 resistances may enter the radar of market players.
