ANALYSIS
NQ100 Finds Support from PPIApr 14
The Losses May Continue in Brent Oil
Brent Petrol recovered somewhat after the Petroleum Exporters Organization (OPEC) meeting, with the decision to increase production by 100,000 barrels below market expectations. However, recession concerns remain the determining factor in the decline of brent oil. Furthermore, Saudi Arabia's rise in oil prices and the restart of nuclear talks with Iran in Vienna pave the way for commodity sales. In brent oil, which technically signals downward movements, if it can be passed behind the 91.80 level permanently, the losses may continue until the psychological 90.00 support. On the upside, 96.00 and 97.90 resistances may come to the fore.
