ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:Demand Maintains in Brent Oil
Brent oil prices fell a little this evening with the expectations that the US Federal Reserve (FED) will continue its aggressive tightening in monetary policy. The supply-side support for brent oil prices continues, as the effects of oil production in Libya come to a standstill and the Ukrainian government's halting of natural gas, coal, and fuel exports due to the occupation. Technically speaking, unless the 50-period weight goes below the 113.50 level indicated by the moving average, the 124.00 resistance may come to the fore if the 121.70 level can be permanently exceeded in the commodity where the purchases will be protected. A possible move below 50 WMA, 110.00 support level can be followed.
