ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:Brent Oil May Sustain Downfall
Recession concerns continue to play a decisive role in Brent oil pricing. On the other hand, the 8.23 million barrels surplus of crude oil stocks had an impact on the data of the Energy Information Management Administration (EIA) in the USA yesterday. Technically, the psychological 100.00 level will be critical for the commodity, which maintains its downward trend on the last trading day of the week. In the transition below here with permanent closings, 97.80 support can be followed. In the possible upside scenario, 104.75 resistance may come to the fore.
