ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:Brent Oil May End The Week Negatively
Recession concerns in global markets continue to be one of the important reasons for the pressure on Brent oil. On the other hand, while increasing concerns with the rise of coronavirus cases in China, which is the world's largest oil importer, weighs on Brent oil prices, the re-activation of oil fields by oil companies in Libya also has a downside effect. Technically, valuable oil, on which the pressure can continue as long as it remains below the 102.45 level, which indicates the upper border line of the descending major channel, may decline to 96.40 support if the 98.20 level is left behind. In movements above 102.45 that may occur, the resistance of 104.00 can be followed.
