ANALYSIS
NQ100 Finds Support from PPIApr 14
Recovery Path Continues in Brent Oil
Yesterday, US President Joe Biden stated that he will work with Congress on the excess profits of oil companies. With the effects of this, brent oil pricings retreated somewhat. However, the US economy's 2.6% growth in the third quarter, confirming that it is technically out of recession, continues to support energy demand. Technically, the commodity, which continues its upward acceleration in the minor channel, can be expected to raise the 97.20 resistance if it can exceed the 96.00 level. In possible retreats, 93.55 – 91.25 supports can be followed.
