ANALYSIS
NQ100 Finds Support from PPIApr 14
High tensions, Bullish Oil
Tensions are still high between Russia and Ukraine and Six Russia warships en route to Black Sea for drills now. Possible supply concerns continue and UKOIL is still bullish. Technically, it stays above the 50 period simple moving average and continues its Fibonacci Wave 2 movement. If we see it exceeding 92.00 resistance, 93.40 will be on our radar. On the other side, downward movements are not likely, unless Fibonacci 50 percent fan line is broken downwards.
