ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:Brent Oil May Continue Its Rises
With the announcement that new epidemic measures could be implemented in the Minhang region of Shanghai, known as the financial center of China, which is the largest oil importer in the world, brent oil prices decreased slightly. However, after the erratic course in US stocks, oil prices remain positive with supply concerns. On the other hand, as the driving season approaches in the USA, high demand expectations for oil prices are also dominant. Finally, the European Union's (EU) agreement on the oil embargo against Russia still has an impact. In this context, if the index, which maintains its bullish potential on the fourth trading day of the week, can break above the 124.00 resistance permanently, it can gain value up to the 126.00 resistance, which is the highest level since March 9th. In possible downward movements, 120.50 and 118.00 supports can be followed.
