ANALYSIS
NQ100 Finds Support from PPIApr 14
Pressure continues on UKOIL
US Secretary of Energy Granholm’s statement that Biden adminsitration is considering the Strategic Petroleum Reserve agains high oil prices causes pressure on energies. Technically, as long as it stays below the minor trendline, sales will continue and below 82.50, we will follow 81.35 and 80.00 levels. In case, the black gold exceeds the trendline, 84.10 and 85.30 resistance levels will be on our radar.
