ANALYSIS
NQ100 Finds Support from PPIApr 14
Russia – Ukraine Conflict raises supply concerns
Tensions are still high between Russia and Ukraine. According to Reuters, first fire was opened in the border. Although a statement that US Secretary of State Blinken will meet his counterpart Lavrov, eased the diplomatic tensions slightly, military drills of Russian army continues to contribute to the oil prices. Technically, as long as UKOIL stays above 88.20 indicated by Fibonacci 61.8 fan line, bullish movements target 91.45 and 93.00 levels.
