ANALYSIS
NQ100 Finds Support from PPIApr 14
Recession Risks Continue to Be Priced in Brent Oil
Recession concerns in global markets continue to put pressure on brent oil, which has received some backlash with the revival of talks on nuclear negotiations. In addition, the expectations that the FED will maintain its aggressive tightening speed in the markets after the NFP data also have a negative effect on the pricing. From this point of view, if brent oil, which continues to be priced with sellers in the descending channel, can be left behind permanently at 93.40, the movements may continue until the support of 91.60. Above, psychological 100.00 resistance can be followed after 97.50 resistance. Besides 97.50 resistance, psychological 100.00 resistance can be encountered.
