ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:Brent Oil May Continue Rising
The day we left behind, the brent oil decreased a little with the statements of the US Federal Reserve (FED) Chairman Jerome Powell that the tightening will continue. However, with the decline in coronavirus cases in China, which is the world's largest oil importer, the announcement that normalization steps will be taken as of June 1 keeps brent oil prices on the alert. In addition, the fact that the EU emphasized that they will continue to discuss the planned oil embargo on Russia has an effect. Technically speaking, the commodity, which maintains its ascending channel movement on the third trading day of the week, can retrace its losses until the 115.00 resistance if it permanently exceeds 113.60. In a possible downside scenario, 110.00 and 108.40 support levels can be followed.
