ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:Brent Oil Confirms Downtrend
The day we left behind; it is seen that brent oil has lost value as the US Department of Labor (GDP) figures increase recession concerns. On the other hand, there are expectations that the current production plan will be adhered to at the meeting of the Organization of Petroleum Exporting Countries (OPEC). Precious oil, which could not hold above 200 simple moving average in its technical outlook, confirming the downward trend, may bring 107.30 support to its agenda if it hangs behind 109.25 permanently. In case of possible upward movements in Brent oil pricing, 113.00 and 114.80 resistances will be followed.
