ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:Brent Oil Proceeds on Buyer's Course
In China, the world's largest oil importer, with the effect of zero cases except the areas quarantined as a result of coronavirus in Shanghai, brent oil prices rose , while the announcement that the restrictions across the country would start to normalize as of June 1 ,also supported this. In addition, the European Union (EU) Commission, despite not getting a specific result on the oil embargo to Russia, emphasized that they continue to discuss the sanctions package on the embargo issue, supporting brent oil prices. From this point of view, if the commodity, which shows upward movements on the second day of the week, can break the 115.00 level, it may bring the 116.80 resistance to the agenda. In possible downward movements, 111.50 and 110.00 supports can be followed.
