ANALYSIS
NQ100 Finds Support from PPIApr 14
Downside Risk Continues in Brent Oil
We saw that brent oil prices tried to recover a little with the effect of moderate decreases in the dollar. However, rising coronavirus cases in China to record levels and concerns that containment measures could be extended continue to put pressure on Brent oil demand. Technically, the 88.55 resistance continues to be decisive in terms of brent oil pricing. As long as this level is not exceeded with permanent closures, As long as this level is not exceeded with permanent closures, the commodity, which is likely to continue its negative movements, will continue to bear the risk of descending to 85.40 and then 84.00 supports.
