ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:Brent Oil Is Recovering on the Last Day of the Week
Brent oil lost some value after signals that the European Union (EU) may consider an oil embargo plan for Russia, although a moderate decrease in coronavirus cases in China, the world's largest oil importer, as well as the announcement that restrictions will be lifted in places where cases have not been seen outside quarantine zones, supported brent pricing. In addition, supply concerns related to high tension in the Russia –Ukraine war also keep the prices of valuable oil on alert. Technically, if precious oil, which is heading for a recovery path on the last trading day of the week, can persistently move above the level of 110.40, it can rise to the resistance of 112.70. In case of possible downward movements in the commodity, the supports of 106.15 and 103.70 can be followed.
