ANALYSIS
NQ100 Finds Support from PPIApr 14
Pressure on Brent Continues to be Retained
The effects of the leaks in the Nord Stream line causing supply concerns in the energy market were not permanent in brent oil. In Brent oil pricing, the dollar and recession concerns, strengthened by the hawkish statements of the FED Officials, continue to be the main scenario. Technically speaking, brent oil, which carries the descending channel outlook to the third trading day of the week, can continue its decline until the 82.50 support if it passes below the 83.75 level permanently. Above, 86.00 – 87.45 resistance may be in question.
