ANALYSIS
NQ100 Finds Support from PPIApr 14
Loosening of Coronavirus Measures in China Supports Brent Oil
After the increase in the number of coronavirus cases in China in recent days, brent oil prices have pulled back a little. However, today, the announcement of a new directive pointing to the loosening of the zero Covid policy implemented in the country in some regions gives support to brent oil. In addition, the dollar, which has moderated after the US CPI data, has an upward contribution to brent oil pricing. Technically speaking, if brent oil, which completes the wedge formation in the channel and makes its upward movements, passes to the 97.00 level permanently, it may allow the psychological 100.00 resistance to be reached after the 98.60 level. In possible retreats, 93.80 and then 92.25 supports may be in question.
