ANALYSIS
NQ100 Finds Support from PPIApr 14
Losses in Brent Oil May Continue to Pre-War Level
We see that brent oil reacted negatively, with Russian Deputy Prime Minister Aleksander Novak pointing out that they could reduce production due to the EU's price cap against Russian oil. Technically, it is quite clear that the commodity has entered the downward expansion path by breaking the minor trend line. In retreats, the ending of the psychological boundary line of 80.00 may deepen the losses to the pre-war level at 78.60. In possible recovery attempts, 83.10 and 84.50 resistances can be followed.
