ANALYSIS
NQ100 Finds Support from PPIApr 14
Downside Risks Continue to Be Present in Brent Oil
After the FED's September meeting, pressure is observed in the commodity markets. On the other hand, recession concerns for developed countries continue to be the main drag on brent oil pricing. There is also the effect of US President Joe Biden's call to lower oil prices. Technically speaking, brent oil, which carries the descending channel view to the second trading day of the week, can deepen the regression to 81.10 support, which will be the lowest level since January, if it passes below the 82.45 level permanently. Above, 85.25 – 86.50 resistances may be in question.
